Biden calls on Congress to block rail strike amid stalled contract talks ...Middle East

Economy by : (Business Standard) -
President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month's deadline in the stalled contract talks, following pressure by business groups on the stalled negotiations. Let me be clear: a rail shutdown would devastate our economy, Biden said in a statement. Without freight rail, many U.S. industries would shut down. Congress has the power to impose contract terms on the workers, but it's not clear what lawmakers might include if they do. They could also force the negotiations to continue into the new year. Both the unions and railroads have been lobbying Congress while contract talks continue. Four rail unions that represent more than half of the 1

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