Stock Market News

Will the Senate be able to avoid stopping the railways

2022.12.01 13:54

[ad_1]



Will the Senate be able to avoid stopping the railways

Budrigannews.com – On Thursday, the Biden administration appealed to the US Senate to quickly pass a bill to end potentially devastating strikes by rail workers and noted that the consequences could be felt only in a few days.

On Wednesday, the House of Representatives approved a bill on concluding preliminary contract agreements with representatives of 115,000 workers in respect of a dozen trade unions.

The White House has not approved separate votes of the House of Representatives on the provision of seven days of paid leave for railway workers due to illness.

The head of the transport system, Pete Buttigieg, told CNBC that “the American transport system does not replace a functioning network of freight roads.” This will not just destroy our railway, but actually stop our economic system.

Later on Thursday, Buttij and his Labor Secretary, Mark Walsh, are going to meet in the Senate in order to force Democrats to act quickly. Some senators, including Bernie Sanders, demanded a separate vote on sick leave as a condition of agreeing to an early review of the railway contract. Senate Majority Leader Chuck Schemmer has not yet scheduled a railroad vote.

Schumer believes that paid sick leave should be included in the legislation. Schumer said: “Senators are constantly working to reach an agreement and, as soon as possible, take action on this.” The Senate will not be able to leave before the task is completed.

Due to the refusal of the railways to accept dangerous goods, employees can declare a strike on December 9 of this year. The U.S. economy will lose up to $2 billion a day, and millions of U.S. rail workers may be in dire straits due to a railroad strike, which could slow down nearly 30 freight shipments by weight in the U.S. and push up inflation.

The Railroad and the Chamber of Commerce of America are opposed to amending the September contract, primarily in accordance with the recommendations of the State of Emergency in Biden.

President Joe Biden on Monday praised the proposal, which called on Congress to accept the agreement without changes, including five one-time payments of $ 1,000, as well as a 24-year salary increase. According to the speculative agreement, short-term weekends are not paid after 15 days of association requests, and the railway stations chose the same day.

The deal was approved by eight trade unions from 12 organizations. However, some Labor members criticized Biden, appealing to Congress, asking for the introduction of a contract, which the workers of four unions rejected due to the lack of paid leave due to illness.

The contract applies to employees of such transportation companies as United Pacific NYSE, NYSE: BNSF Berkshire Hethaway, CSX NaSDAQ: Inc. Norfolk Corporation Southern New York SE: and Kansas City South.

[ad_2]

Will the Senate be able to avoid stopping the railways

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 94,603.35 1.17%
ethereum
Ethereum (ETH) $ 2,666.28 4.87%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.44 4.52%
bnb
BNB (BNB) $ 636.25 2.68%
solana
Solana (SOL) $ 153.52 9.13%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.226208 7.08%
cardano
Cardano (ADA) $ 0.719867 6.60%
staked-ether
Lido Staked Ether (STETH) $ 2,661.45 4.72%
tron
TRON (TRX) $ 0.245559 0.95%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 94,516.32 1.22%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,177.80 4.91%
chainlink
Chainlink (LINK) $ 16.31 7.68%
stellar
Stellar (XLM) $ 0.316672 3.73%
avalanche-2
Avalanche (AVAX) $ 23.26 6.32%
sui
Sui (SUI) $ 3.04 8.59%
litecoin
Litecoin (LTC) $ 122.31 5.18%
hedera-hashgraph
Hedera (HBAR) $ 0.216765 3.11%
the-open-network
Toncoin (TON) $ 3.59 4.79%
leo-token
LEO Token (LEO) $ 9.33 4.42%
usds
USDS (USDS) $ 1.00 0.50%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 6.65%
mantra-dao
MANTRA (OM) $ 8.26 1.86%
weth
WETH (WETH) $ 2,665.27 4.93%
polkadot
Polkadot (DOT) $ 4.67 6.70%
hyperliquid
Hyperliquid (HYPE) $ 21.06 10.68%
bitcoin-cash
Bitcoin Cash (BCH) $ 308.16 5.18%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
bitget-token
Bitget Token (BGB) $ 4.78 4.33%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,823.56 4.99%
uniswap
Uniswap (UNI) $ 8.39 7.32%
monero
Monero (XMR) $ 233.07 0.34%
whitebit
WhiteBIT Coin (WBT) $ 27.42 0.06%
near
NEAR Protocol (NEAR) $ 3.30 2.59%
bittensor
Bittensor (TAO) $ 436.74 3.35%
pepe
Pepe (PEPE) $ 0.000009 6.98%
aave
Aave (AAVE) $ 231.82 6.25%
dai
Dai (DAI) $ 0.99924 0.04%
aptos
Aptos (APT) $ 5.70 7.71%
ondo-finance
Ondo (ONDO) $ 1.06 6.63%
internet-computer
Internet Computer (ICP) $ 6.74 4.70%
susds
sUSDS (SUSDS) $ 1.04 0.09%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.50 1.13%
official-trump
Official Trump (TRUMP) $ 14.86 7.45%
ethereum-classic
Ethereum Classic (ETC) $ 19.55 5.60%
mantle
Mantle (MNT) $ 0.850158 7.46%
okb
OKB (OKB) $ 46.87 4.87%
gatechain-token
Gate (GT) $ 22.28 4.47%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 94,704.37 1.11%