Votes Are In: House passes legislation to prevent a rail strike

The House successfully passed legislation to prevent a rail strike. They adopted a September 15th deal reached between railroad union works, freight rail companies, and the White House.

This includes a pay increase of 24 percent over five years as well as a $5,000 bonus for workers.

They also passed legislation to add 7 days of paid sick leave.

The Senate still has to vote on all of this.

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“It really hamstrings our availability of financing to get loans when everything is costing 30-60% more.”