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Port Strike Ends, VP Candidates Debate

On Thursday evening, the two sides in the East Coast and Gulf Coast port strike announced a settlement that will allow the members of the International Longshoremen's Association to return to work.  Before the strike, JP Morgan had estimated that a prolonged strike could cost the U.S. economy up to $5 billion a day.  If the supply chain had become seriously backed up, there could have been serious economic damage.  A tentative agreement and a return to work take a potential election issue off

On Thursday evening, the two sides in the East Coast and Gulf Coast port strike announced a settlement that will allow the members of the International Longshoremen's Association to return to work.  Before the strike, JP Morgan had estimated that a prolonged strike could cost the U.S. economy up to $5 billion a day.  If the supply chain had become seriously backed up, there could have been serious economic damage.  A tentative agreement and a return to work take a potential election issue off the table.

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