Deputy Treasury Sec'y: Auto Industry Has Profits Because We Helped It, So It's 'Well-Positioned' to Cut Deal with Workers

On Monday's broadcast of CNBC's "Squawk Box," Deputy Treasury Secretary Wally Adeyemo stated that it's important to remember that the conversation about a potential auto worker strike "is so different" than the last time because the companies "have profits." And "they're talking about how they're going to divide up an economy that's growing for the auto industry, because of a number of choices they've made, but also the investments we've made like the IRA. So, they're well-positioned to cut this deal."