White House officials are holding emergency meetings in a desperate scramble to avert a national railroad strike that is days away from shutting down much of the country’s transportation infrastructure, according to three people familiar with the matter.
Biden administration officials have started preparing for a potential shutdown and have warned that a strike could seriously damage the U.S. economy, while also warning it could hurt Democrats in the upcoming 2022 midterm elections, two of the people said. Labor Secretary Marty Walsh was part of meetings led by the White House National Economic Council last week, and President Biden is also personally tracking the matter, the two people said.
The administration has little time to act: The nationwide rail shutdown is set to go into effect on Friday, and labor and management have been at an impasse over difficult issues such as sick time and penalties for missing work.that the first national rail strike in decades would shut down 30 percent of the country’s freight and “halt most passenger and commuter rail services.
The Federal Railroad Administration, a part of the Transportation Department, has estimated that failure to reach an agreement could cost the U.S. economy as much as $2 billion per day in lost economic output. U.S. Chamber of Commerce President and CEO Suzanne P. Clark on Monday said a strike would be an “economic disaster” with “catastrophic economic impacts,” calling for urgent action to resolve the standoff.
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