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CNN The Lead With Jake Tapper July 7, 2024

huge. friday at midnight is the deadline. this is the last thing the piend administration wants as the economy is on an upswing this could have a big economic impact. pete, president biden is calling rail unions, calling rail companies in an attempt to avert the shutdown. what power does he have to affect the outcome and congress? reporter: many layers of the biden administration are engaged from the department of labor to the department of transportation. if congress comes into play, it could put into play a 60-day waiting period renewing a waiting period or could force a deal on both sides. the biden administration recommended big changes for these unions including pay raises, back pay from 2020 and bonus pay although not satisfactory enough for every rail union involved, jake. pete, tell our viewers what freight trains typically carry. reporter: we re talking about 30% of all the freight in the united states. we re talking about gas. we re talking about cars. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20180113:23:14:00

But we re also encouraged and i m very encouraged that we will have all the key decisionmakers and agencies now coming together having serious dialogue to ensure that this never ever happens again. upon hearing the notice, we immediately reached out to airports, harbors, our ten global partners, in many instances because of the time difference, we re able to message very quickly that this was a false alarm, and hopefully mitigate any potential damage there. we spoke to our chanters, our industry stake holders, obviously very very concerned, and we assured them that as i mentioned earlier that there will be very serious dialogue between all the decision makers and agencies to ensure it doesn t happen again. the important thing i think is that for us the health, safety, and welfare of our visitors and ....

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