White House says tentative deal reached to avoid rail strike

Source: Axios

“Early Thursday morning, after 20 hours of talks, the White House announced that a looming rail strike was averted and a tentative deal struck between the freight rail operators and their unions. The run-up to the agreement had businesses — and the economy — on the brink. … The tentative agreement now goes back to the unions for a vote. The parties also agreed to a post-ratification cooling-off period of several weeks, to ensure that if a vote doesn’t succeed the rails keep running, according to a source familiar with the talks.” (09/15/22)