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Biden Says Rail Deal With Unions Avoided ‘Real Economic Crisis’

Joe Biden

Joe Biden

Photographer: Jim Lo Scalzo/EPA/Bloomberg

President Joe Biden said the tentative deal he helped forge between railroads and labor prevented devastating the US economy when it’s already struggling with high inflation and supply-chain constraints. 

“If, in fact, they’d gone on a strike, the supply chains in this country would’ve come to a screeching halt. We would’ve seen a real economic crisis,” he said in an interview with CBS’s “60 Minutes” set to air on Sunday.