U.S. Railroad Strike Averted as Tentative Deal Is Reached  

The White House reported that a potential rail strike had been avoided after 20 hours of discussion.

The freight rail operators and their unions reached a draught agreement.

A strike would have increased prices for numerous commodities and put a stop to 30% of the nation's freight.

The agreement still needs to be approved by rank-and-file union members, so there is still a chance for a strike.

The tentative agreement between management and unions, according to President Biden, is a "huge success for America."

The agreement provides a 14% immediate rise for union members, with retroactive pay beginning in 2020.

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Additionally, they receive annual cash incentives of $1,000.