09/15/2022

Source Says 'Cooling Off' Period to Avert U.S. Rail Shutdown

This move would avert any shutdown in case unions fail to ratify a new deal

U.S. railway parties have agreed to a cooling off period as standard part of the ratification process after reaching a tentative deal overnight.

This is a move that would avert any shutdown in case unions fail to ratify it, a source familiar with the situation said on Thursday.

On Sept. 14, 2022, President Joe Biden called negotiators around 9 p.m. as talks continued in a move the source said was "crucial" as talks progressed for 20 hours into the night.

Please select this link to read the complete article from Reuters.