Two huge labor disputes, in the railways and at the ports, threaten to re-tangle supply chains in the U.S. And the White House is pushing to avert disaster, engaged at a level not seen in decades.
Why it matters: The stakes are sky-high economically. A shutdown of the nation's rail system could cost $2 billion a day, according to an industry estimate, and we've already seen what backed up ports do to the economy. Politically, any work stoppage would spell disaster for a pro-labor White House determined to keep inflation in check and avert bottlenecks.
