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You are here News Domestic (USA) Biden calls tentative labor deal a 'big win for America' as railroad strike is averted

Biden calls tentative labor deal a 'big win for America' as railroad strike is averted

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Rail strike avertedAfter around-the-clock negotiations, President Joe Biden said Thursday that freight railway companies and workers had reached a tentative agreement that will avert a rail shutdown that could have paralyzed the economy.

Biden celebrated the deal alongside union leaders and rail executives at the White House Rose Garden, calling it a “big win for America” and for both sides of the labor dispute. He said rail workers will receive better pay, improved working conditions and a “peace of mind” over health insurance, while companies will strengthen their ability to recruit and retain workers

“Together we reached an agreement that will keep our critical rail system working and avoid disruptions of our economy,” the president said, characterizing the deal as "validation" that unions and management “can work together.”

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