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UAW’s Shawn Fain makes State of the Union guest list in nod to organized labor
United Auto Workers President Shawn Fain endorsed President Biden for re-election on Wednesday and claimed former President Trump ‘doesn’t care about the American worker.’
United Auto Workers (UAW) President Shawn Fain made the guest list to attend President Biden’s State of the Union (SOTU) address on Thursday, landing an invitation to sit in first lady Jill Biden’s viewing box.
The White House’s honor to Fain is a nod to organized labor and to the UAW after the union endorsed President Biden’s re-election campaign in January.
Shawn Fain, president of the United Auto Workers, speaks at the United Auto Workers conference in Washington, D.C., on Jan. 24. (Ting Shen/Bloomberg via Getty Images / Getty Images)
In addition to the union boss, other White House invitees to the SOTU include an Alabama woman who is seeking in vitro fertilization (IVF) and Swedish Prime Minister Ulf Kristersson.
UAW MEMBERS DEEM TRUMP ‘MUCH MORE TRUSTWORTHY’ THAN BIDEN: HE ‘SPEAKS OUR LANGUAGE’
“Each of these individuals were invited by the White House because they personify issues or themes to be addressed by the President in his speech, or they embody the Biden-Harris Administration’s policies at work for the American people,” the White House guest announcement said.
United Auto Workers President Shawn Fain rallies members in support of the strike against Ford, General Motors and Stellantis at the UAW Local 551 hall in Chicago on Oct. 7, 2023. (Jim Vondruska/Getty Images / Getty Images)
Biden has repeatedly touted himself as the most pro-union president in modern history, and the White House hailed Fain for the UAW’s simultaneous strike against Detroit’s Big Three automakers — Ford, General Motors and Stellantis — last fall.
MAJOR US LABOR STRIKES HIT 23-YEAR HIGH IN 2023
The administration also reminded Americans in its memo that Biden became the first sitting president to join a picket line when he spoke to marching UAW workers during their strike in September.
President Biden addresses striking members of the United Auto Workers at a picket line outside a General Motors Service Parts Operations plant in Belleville, Michigan, on Sept. 26, 2023. (Jim Watson/AFP via Getty Images / Getty Images)
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Labor unions have seen significant successes over the past year, most notably the UAW’s record contracts after its six-week strike, and the Teamsters’ record contract with UPS.
FOX News Digital’s Jamie Joseph contributed to this report.
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As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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