President Joe Biden's administration is discussing emergency aid to protect smaller firms that supply U.S. auto manufacturers if the United Auto Workers union goes on strike, a source with knowledge of the matter said on Thursday.
a deal would be reached on Thursday to avoid a midnight walk-off that would be the UAW's first-ever simultaneous strike against the U.S. carmakers.
Auto suppliers held recent discussions with the White House about the potential impact of a strike and possible options that the Biden administration could tap to help suppliers weather a prolonged strike. The White House had no comment. The Labor Department and the SBA did not immediately respond to requests for comment.are in a weak financial condition
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