President Joe Biden signs legislation to block a national US railroad strike that could have devastated the American economy
A rail strike could have frozen almost 30 percent of US cargo shipments by weight, stoked already surging inflation, cost the American economy as much as $2 billion a day, and stranded millions of rail passengers.
“It was tough for me but it was the right thing to do at the moment -- save jobs, to protect millions of working families from harm and disruption and to keep supply chains stable around the holidays,” Biden said, adding the deal avoided “an economic catastrophe”. A rail strike could have frozen almost 30 percent of US cargo shipments by weight, stoked already surging inflation, cost the American economy as much as $2 billion a day, and stranded millions of rail passengers.
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