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Biden says his administration is engaged in talks to avert railroad strike

By Nandita Bose NANTUCKET, Mass. (Reuters) -President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that...
Biden says his administration is engaged in talks to avert railroad strike © Reuters. U.S. President Joe Biden speaks to reporters during a visit to a fire station on Thanksgiving in Nantucket, Massachusetts, U.S., November 24, 2022. REUTERS/Elizabeth Frantz

By Nandita Bose

NANTUCKET, Mass. (Reuters) -President Joe Biden said on Thursday that his administration was involved in negotiations to avert a looming U.S. railroad strike that could shut down supply chains across the country but added that he has not directly engaged on the matter yet.

Speaking to reporters outside a fire station on Nantucket Island, Massachusetts, during a Thanksgiving holiday visit, Biden declined to provide details on how the talks were going because it was "the middle of negotiations."

"My team has been in touch with all the parties, and in (a) room with the parties and I have not directly engaged yet because they're still talking," Biden said.

More than 300 groups, including the National Retail Federation and the National Association of Manufacturers, urged Biden last month to get involved to help avoid a strike that could idle shipments of food and fuel while inflicting billions of dollars of damage to an already struggling national economy.

Earlier this week, several of these groups renewed calls for Biden and Congress to swiftly intervene to prevent a strike or employer lockout ahead of the holiday season.

A rail traffic stoppage could freeze almost 30% of U.S. cargo shipments by weight, stoke inflation and cost the American economy as much as $2 billion per day by unleashing a cascade of transport woes affecting U.S. energy, agriculture, manufacturing, healthcare and retail sectors.

On Monday, workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike.

Labor unions have criticized the railroads' sick leave and attendance policies and the lack of paid sick days for short-term illness. There are no paid sick days under the tentative deal. Unions asked for 15 paid sick days and the railroads settled on one personal day.

The Biden administration helped avert a service cutoff by hosting last-minute contract talks in September that led to the tentative contract deal.

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02-12-2022 19:15:03 (UTC+7)

EUR/USD

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EUR/USD

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GBP/USD

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Adidas AG

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 EUR/USD1.0532Sell
 GBP/USD1.2275Neutral
 USD/JPY134.05↑ Sell
 AUD/USD0.6818↑ Buy
 USD/CAD1.3432↑ Sell
 EUR/JPY141.18Sell
 EUR/CHF0.9835↑ Buy
 Gold1,811.50Sell
 Silver22.848↑ Sell
 Copper3.7955Neutral
 Crude Oil WTI81.78↑ Buy
 Brent Oil87.38↑ Buy
 Natural Gas6.732↑ Buy
 US Coffee C163.90↑ Buy
 Euro Stoxx 503,982.25Sell
 S&P 5004,076.57↑ Sell
 DAX14,536.75↑ Buy
 FTSE 1007,541.90Buy
 Hang Seng18,675.35↑ Sell
 Small Cap 20001,884.57↑ Buy
 IBEX 358,404.35↑ Sell
 BASF48.33↑ Buy
 Bayer54.67↑ Buy
 Allianz202.68↑ Buy
 Adidas125.85↑ Buy
 Lufthansa7.713Buy
 Siemens AG134.25↑ Sell
 Deutsche Bank AG9.961↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,670
(-40/ -40) # 1,414
SJC HCM6,620/ 6,700
(-15/ -15) # 1,444
SJC Hanoi6,620/ 6,702
(-15/ -15) # 1,446
SJC Danang6,620/ 6,702
(-15/ -15) # 1,446
SJC Nhatrang6,620/ 6,702
(-15/ -15) # 1,446
SJC Cantho6,620/ 6,702
(-15/ -15) # 1,446
Cập nhật 02-12-2022 19:15:06
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RON 95-V23.83024.300
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
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EUR24.695,6126.077,28
GBP28.769,6729.995,10
JPY174,05184,25
KRW16,0519,55
Cập nhật lúc 18:54:05 02/12/2022
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