U.S. President Joe Biden does not intend to invoke a federal law to prevent a port strike on the East Coast and Gulf of Mexico if dockworkers fail to secure a new labor contract by an Oct. 1 deadline,

President Biden won't invoke a national security law to intervene if East Coast and Gulf Coast dockworkers go on strike at the end of the month amid an impasse in negotiations.

East, Gulf coast port strike looks inevitable as talks stall. BlackRock, Microsoft, Nvidia team up to launch AI infrastructure fund. Coca-Cola teams with Bacardi for rum and coke product.

Tuesday, October 1 is the date set by the International Longshoremen’s Association (ILA) to begin its strike if a new labor contract isn’t agreed upon with the United States Maritime Alliance (USMX).

Rep. Byron Donalds (R-FL) has called for President Joe Biden to take action to prevent a strike along the East Coast that poses a major financial impact should the strike go through. The Biden administration has stated there are currently no plans to use a federal law to prevent a strike along U.

President Biden reportedly doesn't intend to invoke the Taft-Hartley Act to delay a strike, but the consequences could be dire either way.

Ports from New York-New Jersey to Houston could face a shutdown if there's no new deal with the dockworkers' union by the end of the month.

A strike is looming at the ports on the East Coast and Gulf of Mexico, as negotiations for a new labor contract between dockworkers and their employers have sta