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How long will the East and Gulf Coast port strike last?
2
Resolution / Starting Odds
Less than 1 week • 25%
1 to 2 weeks • 25%
2 to 4 weeks • 25%
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News reports from major outlets like Reuters, Associated Press, or official union communications
Story
U.S. Chamber of Commerce Urges Biden to Block East and Gulf Coast Port Strike, Citing $5 Billion Impact
Sep 30, 2024, 05:51 PM
The U.S. Chamber of Commerce has urged President Biden to block the impending East and Gulf Coast port strike, which is set to begin at 00:01 NYC time. The Chamber described the potential work stoppage as 'unconscionable' and warned it could shock the U.S. and world economy. The strike, involving 50,000 union workers, is expected to cause significant disruptions, with estimates suggesting a $5 billion daily economic impact. Despite these concerns, the White House has indicated that President Biden will not invoke the Taft-Hartley Act to prevent the strike. The Biden-Harris Administration has been criticized for not focusing on the looming strike.
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1-3 days • 25%
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