Economic news
Biden creates board to resolve disputes between freight rail carriers and unions
2022.07.15 22:47
FILE PHOTO: U.S. President Joe Biden delivers remarks regarding the East Jerusalem Hospital Network (EJHN), at Augusta Victoria Hospital, in Jerusalem, July 15, 2022. REUTERS/Evelyn Hockstein
WASHINGTON (Reuters) – U.S. President Joe Biden on Friday signed an executive order creating an emergency board to help resolve disputes between major freight rail carriers and their unions.
The order came ahead of a deadline next week to intervene in nationwide U.S. railroad labor talks covering 115,000 workers, or open the door to a potential strike or lockout that could threaten an already-fragile economy and choke supplies of food and fuel.