announcing a tentative agreement to avert a nationwide freight rail strike. a shutdown that could have had catastrophic consequences for the economy. talks involving the unions, rail companies and labor secretary marty walsh went on for 20 hours. we re told that president biden, who calls himself the most pro-union president ever was instrumental in getting over the finish line. last night was a historic night for rail labor. we re proud of what was accomplished. we wanted to take a few seconds and thank secretary marty walsh, deputy secretary julie sue and definitely president joe biden, everybody pulling together to make sure we could get our members what they deserve. this is the quality of life issue that we have been trying to get to our members. so we re going to hit the ground running. we ll have more information here in the coming hours. some tired looking leaders emerging as the sun was arising there. jeremy diamond is at the white house. what do we know abou
wall street trying to gauge insights on the u.s. economic outlook and the central bank s thinking. what powell says could set a tone for the markets for the rest of this year. we re also watching capitol hill. the u.s. s house is expected to take up legislation to avert a looming nationwide freight rail strike. then it will be the senate s turn to get the bill to president biden s desk. businesses are scrambling to limit the damage if a rail strike were to happen. retailers across the sectors are finding work around the usage. cnn s matthew testimony ginn explains the headache this is causing for everyone, including president biden. reporter: there is a push to avoid a rail strike. president biden said he is confidence a strike can be averted. he s asking congress to pass legislation to adopt the tentative agreement.
many of these same-sex and interracial couples are fearful. they are worried that the rights, responsibilities and freedoms that they enjoy through civil marriage could be stripped away. the house is expected to pass the bill possibly as soon as next week and send it to the president s desk to be signed into law. the house set to vote today to block a nationwide freight rail strike. lawmakers will vote to approve a tentative deal. they were thinking of adding sick leave provisions. that s what led four unions to reject it. a strike could cost the u.s. economy a billion dollars in the first week alone. let s get more from cnn s phil mattingly. it s not an easy call but i think we have to do it. reporter: behind president biden s call to impose a labor agreement on rail unions, a single fear. economy is at risk.
announcing a tentative agreement to avert a nationwide freight rail strike. a shutdown that could have had catastrophic consequences for the economy. talks involving the unions, rail companies and labor secretary marty walsh went on for 20 hours. we re told that president biden, who calls himself the most pro-union president ever was instrumental in getting over the finish line. last night was a historic night for rail labor. we re proud of what was accomplished. we wanted to take a few seconds and thank secretary marty walsh, deputy secretary julie sue and definitely president joe biden, everybody pulling together to make sure we could get our members what they deserve. this is the quality of life issue that we have been trying to get to our members. so we re going to hit the ground running. we ll have more information here