US president ink bill avoiding countrywide rail stoppage, fi...| MENAFN.COM

Sunday, 29 January 2023 05:54 GMT

US president ink bill avoiding countrywide rail stoppage, financial threat


(MENAFN) US leader Joe Biden inked into law on Friday a bill forcing labor unions as well as firms to agree on a concession deal he brokered during the summer, avoiding an approaching rail stoppage across the country.

The US president had implored politicians to pass the measure on a fast pace, highlighting that the financial collapse that would effect from a rail strike could be disastrous as well as would lose hundreds of thousands of employments throughout the nation.

The House of Representatives agreed on the bill on Wednesday, then came after the Senate on Thursday. The two chambers borrowed overpowering backing.

"The bill I'm about to sign ends a difficult rail dispute, and helps our nation avoid what without a doubt would have been an economic catastrophe in a very bad time in the calendar," Biden stated, referring to the fast paced looming holiday weeks. "Many US industries would literally shut down."

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