The White House has announced a ‘tentative’ deal to avert a rail strike that would have impacted millions of commuters in the Northeast.
The deal, which is still subject to approval by the unions involved, would see workers receive a pay increase and improved benefits. It would also see the creation of a new retirement savings plan. The announcement comes after weeks of negotiations between the administration and the unions.
If approved, the deal would end the threat of a strike that would have caused major disruption for commuters.
The Biden Administration applauds all parties for reaching this hard-fought, mutually beneficial deal.⁰⁰Our rail system is integral to our supply chain, and a disruption would have had catastrophic impacts on industries, travelers and families across the country. (2/2)
— Secretary Marty Walsh (@SecMartyWalsh) September 15, 2022
RAIL STRIKE AVERTED: The Biden administration announced overnight that a tentative deal has been reached to avert a nationwide rail strike.
A strike would have cost the U.S. economy approximately $2 billion per day, experts say.
— Steve McCarron KOMO (@SteveTVNews) September 15, 2022