Possible railroad strike in about 90 days- President Biden will have to step in [View all]

[DetroitLegalBeagle]

Earlier this year it was posted on here that the railroad unions and companies were in mediation over amending their contracts. The National Mediation Board just recently said that a resolution is not possible at this time. This starts a clock where a rail shutdown is possible in about 90 days.

Here is a link to the article-https://www.railwayage.com/regulatory/nmb-starts-clock-toward-rail-shutdown/]

The National Mediation Board (NMB) on June 14 set in motion a ticking time bomb toward an economy-jolting national railroad shutdown within 90 days, its two Democratic members agreeing with rail labor—and over the remonstrance of carriers and the NMB’s lone Republican—that a voluntary agreement to amend unionized rail worker wages, benefits and work rules is not within reach.

The next step is President Biden will have to step in and appoint a Presidential Emergency Board to investigate and make recommendations. If those recommendations are not accepted by both the unions and the companies, then Congress may have to step in as well.