Businesses urge the White House to intervene as rail strike concerns grow

With another union rejecting a prior labor deal, businesses are asking Congress and the White House to step in.

A group of more than 300 businesses from various industries penned a letter to President Biden, urging him to step in and get the deal he brokered approved. The President approved a board of arbitrators over the summer to try and resolve the dispute to no avail.

All 12 unions must sign off on the deal to prevent a rail strike by November 19th. Six smaller unions have already signed off on the deal with four others expected to vote in the coming weeks. Two have rejected it.

LATEST STORIES BY THIS AUTHOR:

Farm Bureau Economist Faith Parum discusses key outcomes from the U.S.-China trade agreement and the benefits of expanding trade across Southeast Asia.
Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report to discuss the implications for farmers.
Chris Bliley with Growth Energy discusses ongoing concerns about U.S. ethanol exports and the expansion of market access promised under the Phase One deal between the U.S. and China.
“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
RFD-TV tax expert Roger McEowen discusses the renewed tax provision and how cattle producers can take advantage of it to recover investments in heifer retention and herd expansion more quickly.
U.S. Senator Roger Marshall (R-KS) shares his perspective on the U.S.-China trade developments and their potential impact on American producers, farmers, and ranchers.