U.S. Economy
Strike Out
U.S. East Coast and Gulf Coast dockworkers began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the country's ocean shipping, after negotiations for a new labor contract broke down over wages. The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation. President Joe Biden and his administration have repeatedly said they will not use federal powers to end the strike, and on Tuesday pressured dockworker employers to bump up their contract offer to land a deal.









