After around 20 hours of emergency talks, the final 2 of the 12 US rail unions reached tentative agreements to avoid the first major US rail strike in 30 years.
The deal confirms that no strike will take place at this time and consists of a 24% pay increase in addition to policy changes and $5,000 in bonuses for rail workers.
President Biden's call to ensure that an agreement was reached helped to avoid supply chain issues that would have cost the US over $2billion per day if it had gone ahead and has been called an "important win for our economy and the American people" by the president.
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