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U.S. Chamber of Commerce Chief Executive Suzanne Clark implored federal lawmakers to step in one day after members of the country’s biggest railroad union rejected a tentative agreement brokered by a board appointed by President Joe Biden.
“Congress must now impose the deal President Biden negotiated, and the railroads and union leadership agreed to,” Clark said.
Biden’s Presidential Emergency Board in August released the framework for the tentative deal forged between major carriers like Union Pacific (NYSE:UNP) and a dozen unions representing 115,000 workers.
Four unions have since rebuffed that deal, angered that the railroads responded to their ask for 15 paid sick days with an offer of one paid personal day after their members kept vital goods flowing during the pandemic.
Those unions and their employers have until early December to settle their differences. If they do not, workers could strike and railroads could lock out employees – unless Congress intervenes.
“If Congress fails to do so, a rail strike would substantially exacerbate inflation and the economic challenges Americans are facing today,” she said.
