This may be the first somewhat good economic news to come out of this administration.
As it looked like a completely crippling supply chain crisis was imminent, a deal has been reached and the trains will continue to run.
From the Wall Street Journal:
The White House said Thursday it had reached a tentative agreement to avoid a potential railway strike that threatened to shut down a crucial vein of the U.S. economy.
President Biden said the tentative deal "is an important win for our economy and the American people." He credited the unions and rail companies "for negotiating in good faith and reaching a tentative agreement that will keep our critical rail system working and avoid disruption of our economy."
Details of the deal haven't been released by the White House, but it's safe to say that the Democrats likely gave the unions everything they wanted and more in this deal.
So, instead of using their congressional power to force the union workers to work, they instead gave in and likely screwed over consumers.
Just in a slightly more convenient way.
Amtrak said Thursday it was restoring long-distance train services. The company was contacting customers to accommodate them on the first available departures, a spokesman said.
Labor Secretary Marty Walsh, who had been meeting with the representatives, applauded the agreement on Twitter. "Moments ago, following more than 20 consecutive hours of negotiations at @USDOL, the rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and our nation's economy," he wrote.
The White House didn't specify details of the tentative deal.
Democrats and union leaders have once again worked together to get a deal that's great for the union, but probably not the best for everyone else.
Par for the course.
P.S. Now check out our latest video 👇
