(Source: Yahoo Finance, September 15, 2022)
On Thursday at 5:04 a.m. ET, President Joe Biden announced that a tentative deal was in place to avert a nationwide freight rail strike that could have wreaked economic havoc around the nation. “This contract negotiation has been going on for over two years so it wasn’t necessarily a lovefest when we started the night,” Labor Secretary Marty Walsh said of this last, 20-hour burst of negotiations. “But at the end of the night, as we got towards the end of the contract, there was a lot of mutual respect there.” While Walsh described his main role as facilitating conversation, he also acknowledged that, at times, he had to do “a little persuasion” to nudge both sides closer to an agreement.
Full story: Yahoo Finance