The House voted 230 to 193 to pass the Faster Labor Contracts Act, with 20 Republicans joining Democrats. The bill would require employers to begin first-contract talks within 10 days and create mediation and arbitration timelines if no deal is reached.
Posts tagged as “Corporate America”
Senate Republicans are refusing to back House Republicans' plans to use the debt ceiling as leverage, despite warnings from corporate America and Wall Street investors. House Speaker Kevin McCarthy (R-CA) is seeking spending cuts to vital programs, but Senate Republicans are instead vowing to seek spending cuts in exchange for passing legislation. This is a stark contrast to the Republicans' traditional alignment with the business community, and the early June deadline is looming.