Over 300 Groups Urge Biden to Help Avoid Rail Shutdown
OMAHA, Neb.—A coalition of 322 business groups from a variety of industries signed off on a letter to President Joe Biden Thursday urging him to make sure the deals he helped broker last month get approved because a railroad strike would have dire consequences for the economy.
All 12 rail unions must approve their agreements to prevent a strike next month and two unions have rejected their deals.
“It is paramount that these contracts now be ratified, as a rail shutdown would have a significant impact on the U.S. economy and lead to further inflationary pressure,” wrote the group, which includes nearly every major trade group and quite a few state business associations….