For the first time in nearly 50 years, dockworkers and longshoremen on the East and Gulf coasts went on strike Tuesday, disrupting major U.S. ports.

The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, a disruption that analysts warn will cost the economy billions of dollars a day.

The work stoppage threatens to significantly snarl the nation’s supply chain, potentially leading to higher prices and delays for households and businesses if it drags on for weeks. The union representing U.

The White House has been nudging the International Longshoremen's Association and shipping companies to reach a deal with billions on the line for the U.S. economy as the port strike continues. CBS News White House reporter Willie James Inman has more on that and the White House's response to the ongoing developments in the Middle East.