As Republican opposition seizes on possible Christmas shortages to connect Biden's economic policies to inflation, and try to stall a multitrillion-dollar spending bill in Congress in coming weeks, the White House's message was that a solution is in sight
By Nandita Bose and Lisa Baertlein
As his Republican opposition seizes on possible Christmas shortages to connect Biden's economic policies to inflation, and try to stall a multitrillion-dollar spending bill in Congress in coming weeks, the White House's message Wednesday was that a solution is in sight. "What the president's doing isn't going to really hurt. But at the end of the day, it doesn't solve the problem," said Steven Ricchiuto, U.S. chief economist at Mizuho Securities.
But that has left some 250,000 containers of goods stacked up on the docks due to delayed pickups, from chassis shortages and a lack of space in rail yards and warehouses. And that is causing dozens of ships to back up at anchor outside the port. Dockworkers remain available for 24-hour shifts to help clear the port backlogs, the longshore union said. But that is not true of the people who move goods from the ships or from ports, other unions say.
Still, there is no evidence experienced workers are sitting on the sidelines - U.S. transportation and warehousing are employing more people now then they did before the pandemic started, data from the Bureau of Labor Statistics show.
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