Biden announces tentative deal with US rail companies and unions, avoiding a crippling strike that would have halted 7,000 trains, costing $2 billion a day
US President Joe Biden calls agreement"a big win for America" and says"dignity" of railroad workers has been honoured.
"It feels good!" Biden told a tired-looking group of negotiators on Thursday invited into the Oval Office after their sleepless night. "They should be home in bed," he said. The deal was a relief after worries that a Friday deadline would trigger nationwide stoppages, snarling critical supplies to an economy in the midst of a jittery recovery from the Covid-era shutdown.
The Association of American Railroads, which represents the nation's freight railroads, welcomed the deal.
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