leave. mr. secretary, how critical is it that the senate approves this deal now? it is critical. look, the u.s. transportation system has no substitute for well functioning freight rail. this is not a time when we can afford to have a lot of maneuvers, any kind of politics introduced here. joining us now to talk about it, transportation reporter for politico. good morning. thank you for being with us. so let s go through it. passed the house. what it is going take for this bill to go through the senate? it needs 60 votes. and that s where the challenge lies at the moment. given the deadline that we re facing. there are likely 60 votes in the senate to pass a contract agreement to head off a freight rail strike. the problem is we have a deadline of december 9th. that s when the rails will shut down. what we re going to see though is starting over the weekend and certainly by monday shipments of certain materials are going to start being taken off the rails
that americans are feeling every day. we understand that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation reporter: but the economy already shrank in the first quarter the stock market, higher today, has been in a deep slide this year this is one of the worst and most complex situations that the federal reserve could face because they are effectively trying to reduce demand without tipping over the economy. reporter: with higher interest rates making credit cards and loans more expensive, experts recommend consolidating your loans. if you re shopping for a new car or home, lock in your loan rate in the next 36 hours and maybe consider postponing that big purchase i think this might not be the right time. the uncertainty would make me nervous to go ahead and tell them make large purchases
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three minute transfer from one station to the other, and then said it was just like pandemonium. people are running out of the station. people lost their shirt. their shoes, their jackets, their glasses, and said when she got aboveground on the sidewalk, there s another man who looked like he had been shot in the head or blood coming from his head. all those folks have been transferred to the hospital. we don t have, i believe, unless you ve heard something, an official number that died, but 13 people injured today. steven, as a transportation reporter, is there any more insight you could give us about this area and this particular subway station as noted by one of our previous guests, this is. this is south brooklyn, a lot of working class folks live out here.
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