The Biden administration is facing pressure on multiple fronts as it scrambles with just days to avert a rail strike threatening to cripple the economy.
FOX Business' Kelly O'Grady reports from Wilmington, California, where long-haul truckers are threatening to strike over labor negotiations.with just days to avert a rail strike that threatens to deal a devastating blow to the economy, the White House is facing pressure on multiple fronts as it weighs the political ramifications of a shutdown.
President Joe Biden and Labor Secretary Marty Walsh make a Labor Day visit to United Steelworkers of America Local Union 2227 in West Mifflin, Pennsylvania, on Sept. 5, 2022.President Biden himself has reached out According to the Association of American Railroads , a shutdown would be absolutely devastating, costing upward of $2 billion per day and kneecapping an already fragile supply chain while hurting businesses and consumers alike.What's worse, other transportation modes can't keep up: the AAR says it would take roughly 467,000 long-haul trucks to pick up the slack, an unlikely prospect given that there is already a shortage of 80,000 truckers in the industry today.
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