Could a rail strike be averted next month? Sec. Vilsack is optimistic

Rail unions have until mid-November to reach an agreement.

Despite recent setbacks, Ag Secretary Tom Vilsack says he is hopeful a rail strike can be avoided next month.

After rail workers rejected an agreement brokered by the White House, Vilsack says six other unions have voted in favor and he is confident an agreement will be reached.

The Association of American Railroads estimates a strike would cost the U.S. economy $2 billion per day.

All unions have until mid-November to reach an agreement.

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