Biden announced the imminent end of the railway workers’ strike
2022.11.24 11:34
Biden announced the imminent end of the railway workers’ strike
Budrigannews.com – On Thursday, Biden stated that his administration was participating in negotiations to prevent a looming U.S. railroad strike that could disrupt supply chains nationwide, but he added that he had not yet engaged directly in the matter.
Biden told reporters outside a fire station on Nantucket Island, Massachusetts, that the talks were “in the middle of negotiations,” so he wouldn’t go into specifics.
Biden stated, “My team has been in contact with all parties… and I have not directly engaged yet.”They are as yet talking.”
Last month, more than 300 organizations, including the National Retail Federation and the National Association of Manufacturers, urged Biden to assist in preventing a strike that could have a significant impact on the economy of the United States.
By triggering a cascade of transportation issues that would affect for many sectors of the economythe, a rail traffic disruption could freeze almost 30% of U.S. cargo shipments by weight, stoke inflation, and cost the American economy up to $2.5 billion per day.
On Monday, laborers at the biggest U.S. rail association casted a ballot against a conditional agreement bargain arrived at in September, raising the chance of a year-end strike.
