negotiators their due. he is meeting with them in the oval office. this case down to the wire with a source familiar with the negotiations telling nbc news the deal was reached early this morning after 20 hours of talks. there was, quote, a basic handshake at 2:30 a.m. and approval by the teamsters board at 4:30 a.m. it couldn t come at a more critical juncture as the biden administration tries to tame red hot 40 year high inflation with the midterms now just 53 days away. for some context about what a strike would mean for our economy, our web of railways are responsible for shipping about 40% of goods from grain to cars long distance across the u.s. a strike would cost our economy $2 billion every single day leading to empty shelves and higher prices for a public already feeling a price pinch. and just the last 45 minutes, transportation secretary pete buttigieg addressed the news while speaking in detroit. my appreciation to all of the parties that stayed at the table an
whether she will stay part of her order and allow the justice department to access the 100-plus documents seized at the former president s residence. and then across the atlantic in london, mourners are lining up for miles outside westminster hall to view queen elizabeth s coffin as she lies in state. we ll take you there live with the latest updates as well. we start with that breakthrough agreement for america s railways. a short time ago the president announcing that frustrate rail workers will get better pay and improved working conditions and health care benefits. this is a win for tens of thousands of rail workers and for their dignity and the dignity of their work. it s a recognition of that. because of the labor agreement, those rail workers will get better pay, 24% wage increase over the next five years, improved working conditions, peace of mind around their health care by capping the cost that workers will have to pay. so a strike would have greatly, by the way