The Senate moved quickly to avert a railstrike that the Biden administration and business leaders warned would have had devastating consequences for the nation's economy.
The Senate has moved quickly to avert a rail strike that the Biden administration and business leaders say would greatly damage the economy. Justin Finch has the breaking details.The Senate moved quickly Thursday to avert a rail strike that the Biden administration and business leaders warned would have had devastating consequences for the nation's economy.
"I'm very glad that the two sides got together to avoid a shutdown, which would have been devastating for the American people, to the American economy and so many workers across the country," Democratic Leader Chuck Schumer told reporters. "I negotiated a contract no one else could negotiate," Biden said at a news briefing with French President Emmanuel Macron. "What was negotiated was so much better than anything they ever had."
The rail companies and 12 unions have been engaged in high-stakes negotiations. The Biden administration helped broker deals between the railroads and union leaders in September, but four of the unions rejected the deals. Eight others approved five-year deals and are getting back pay for their workers for the 24% raises that are retroactive to 2020.
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