President Biden says tentative railway labor deal reached, averting strike

President Joe Biden announced Thursday that a tentative railway labor agreement has been reached, averting a nationwide strike that could have been devastating to the economy before the pivotal midterm elections.

Railroads and union representatives had been in negotiations for 20 hours at the Labor Department well past midnight to hammer out a deal, as there was a risk of a strike starting on Friday that could have shut down rail lines across the country.

The president brought business and union leaders to the Oval Office on Thursday morning, then hailed the deal in remarks in the White House Rose Garden.

“This agreement is a big win for America,” President Joe Biden said Thursday at the White House, thanking negotiators for the unions and the rail carriers, after what he said were 20 hours of marathon talks ahead of a looming Friday deadline.

For the president and fellow Democrats, the deal offers a measure of political relief after fears that the economic fallout from a strike could further squeeze households hit by stubbornly high inflation.

The five-year deal, retroactive to 2020, also includes $5,000 in bonuses. The railroads agreed to ease their strict attendance policies to address union concerns about working conditions.

Railroad workers will now be able to take unpaid days off for doctor’s appointments without being penalized. Previously, workers would lose points under the attendance systems at BNSF and Union Pacific railways, and they could be disciplined if they lost all their points.

https://apnews.com/article/biden-economy-strikes-congress-94089be6a4f469444da99fec9dde1b3e

https://www.kcra.com/article/tentative-railway-labor-agreement-reached-biden-says/41225869

https://www.nbcnews.com/news/us-news/biden-announces-tentative-deal-avert-us-rail-strike-rcna47850

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