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  3. Just In News | The Hill - thehill.com

White House supports UAW from afar

White House supports UAW from afar

Welcome to The Hill's Business & Economy newsletter
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Business & Economy


Business & Economy

The Big Story 

White House scraps trip to meet with striking workers

Two White House officials who were supposed to travel to Detroit amid the strikes will remain in Washington, D.C. 

© AP Photo/Paul Sancya

President Biden announced last week that acting Labor Secretary Julie Su and senior adviser Gene Sperling would head to Detroit to offer support as the United Auto Workers and the “Big Three” auto companies broker a deal. 

 

But that’s no longer the plan: The administration will continue to monitor talks between the two sides from the nation’s capital, a White House official confirmed on Tuesday. 

 

“Given that negotiations are ongoing between the negotiating parties, it is most productive for Sperling and Su to continue their discussions from Washington and allow talks to move forward,” a White House official said in a statement. 

 

“The President stands with UAW workers, and believes that record corporate profits must mean record contracts for the UAW,” the official added. 

 

UAW auto workers launched a targeted strike last week after the union failed to reach a deal with General Motors, Ford and Stellantis. 

  

The union's demands include increased pay and benefits, as well as job security guarantees as auto companies transition toward manufacturing electric vehicles. 

  

While Biden has touted himself as the most pro-union president in history, he has also upped incentives for electric vehicles as part of his climate agenda.

 

The Hill’s Brett Samuels has more here. 

 

Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.

 

Did someone forward you this newsletter? Subscribe here.

Essential Reads 

Key business and economic news with implications this week and beyond:

 

DeSantis on new energy plan: ‘We want to give people relief at the pump’

Florida Governor and GOP presidential candidate Ron DeSantis said on Tuesday that his energy plan aims to “give people relief at the pump.”


 Full Story
I'm an image
 

UAW president: Economy ‘enriches people like Donald Trump’ at workers’ expense

United Auto Workers (UAW) president Shawn Fain made it clear he doesn’t approve of former President Trump’s trip next week to Detroit amid the union’s ongoing strike against the Big Three automakers.


 Full Story
I'm an image
 

Americans’ support for UAW strike ticks upward: survey

Americans’ support for the United Auto Workers (UAW) union’s strike against Ford, General Motors and Stellantis has ticked upward since workers walked out Friday, according to a new survey.


 Full Story
I'm an image

Lobbying Line 

The latest moves in some of Washington’s biggest lobbying battles:

 

Big Tech is revving up for another antitrust battle: The Association for Competitive Technology hired CGCN Group to lobby on congressional antitrust issues, including the American Innovation and Choice Online Act.

 

The bipartisan bill, which would prohibit tech companies from self-preferencing their products on their platforms, didn’t make it into a government spending package at the end of the last Congress after an industry lobbying blitz.

 

Sens. Amy Klobuchar (D-Minn.) and Chuck Grassley (R-Iowa) reintroduced the legislation in June, setting the stage for another showdown. The Hill’s Taylor Giorno has more here.

The Ticker 

Upcoming news themes and events we're watching:

  • The Senate Banking Committee will hold a hearing on artificial intelligence in financial services on Wednesday at 10 a.m. ET. 
  • The Department of Labor will release initial jobless claims for the past week on Thursday at 8:30 a.m. ET.

In Other News 

Branch out with more stories from the day:

Kraft Heinz is recalling some American cheese slices because the wrappers could pose choking hazard

NEW YORK (AP) — Some organizations representing minority journalists say they’re worried that outlets reporting on their communities will be left behind in a recently-announced $500 million initiative aimed at boosting the struggling local news industry.


Full Story

Good to Know 

Business and economic news we've flagged from other outlets:

  • Fed kicks off 2-day meeting: What investors should expect (CNBC) 
  • Where things stand on Day 5 of auto strike: A new deadline, another strike delayed (CNN) 
  • Justice Department Probe Scrutinizes Elon Musk Perks at Tesla Going Back Years (WSJ) 

What Others are Reading 

Top stories on The Hill right now:

I'm an image

Senate dress code change draws GOP barbs toward Fetterman

Sen. John Fetterman (D-Pa.) strolled through the Capitol on Tuesday in the comfort of casual shorts, sneakers and a baggy, button-up short-sleeve shirt.  Read more

I'm an image

Tuberville to try going around his own blockade to confirm Marine commandant

Sen. Tommy Tuberville (R-Ala.) told senators that he will attempt to force a one-off vote on Wednesday to confirm Gen. Eric Smith to become the new commandant for the Marine Corps while he maintains his blockade on more than 300 military promotions. Read more

What People Think 

An opinion related to business and economic issues submitted to The Hill:

  • Forget about politics: ESG is critical to tackling climate change and securing our economy 

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