According to an analysis by Moody’s Analytics Chief Economist Mark Zandi, if Congress fails to raise the debt ceiling and the U.S. is unable to pay its debts, the country could fall into another recession. He believes upwards of 6 million jobs could be lost, $15 trillion in household wealth could be erased and the unemployment rate could double.
Bill Samuel, AFL-CIO Director of Government Affairs, joined America’s Work Force Union Podcast to discuss why he thinks Congress will raise the debt ceiling. He also discussed the $3.5 trillion budget reconciliation bill as well as the $1 trillion bipartisan infrastructure bill and why both bills have a high likelihood of eventually passing. Continue reading
The bipartisan infrastructure bill passed the U.S. Senate and has gone onto the U.S. House of Representatives for consideration. Speaker of the House Nancy Pelosi suggested the House will not consider the bill unless the Senate also advances the reconciliation bill that triples the investment of the infrastructure bill to include strengthening of childcare, housing and healthcare.
United Auto Workers Legislative Representative Desiree Hoffman joined the America’s Work Force Union Podcast to discuss what the infrastructure bill and the reconciliation bill would mean for working families. Continue reading
The COVID-19 pandemic highlighted the desperate need to reshore manufacturing of certain products. In this case it was personal protective equipment, which is often made overseas at a cheaper rate.
Alliance for American Manufacturing President Scott Paul joined America’s Work Force Union Podcast to explain the importance of American manufacturing and how President-elect Biden can help lead the change. Continue reading