Source Says 'Cooling Off' Period to Avert U.S. Rail Shutdown
This move would avert any shutdown in case unions fail to ratify a new deal
U.S. railway parties have agreed to a cooling off period as standard part of the ratification process after reaching a tentative deal overnight.
This is a move that would avert any shutdown in case unions fail to ratify it, a source familiar with the situation said on Thursday.
On Sept. 14, 2022, President Joe Biden called negotiators around 9 p.m. as talks continued in a move the source said was "crucial" as talks progressed for 20 hours into the night.
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