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Inside the All-Night Talks to Reach the Deal that Averted the Rail Strike

  • President personally intervened to help avert a work stoppage
  • Unions still must formally ratify preliminary agreement
Bloomberg business news
WATCH: Biden speaks at the White House about the tentative deal to avert a rail strike. Source: Bloomberg
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As the clock ticked down toward a crippling US rail shutdown, the Labor Secretary switched tactics -- a breakthrough would need Italian food, patience and a big-name closer.

Marty Walsh, a former Boston mayor and veteran of labor disputes, hosted a marathon 20-hour session that stretched into the evening Wednesday and the early morning that followed. If he failed, supply chains would face a fresh crisis and the fallout would ripple coast to coast.