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

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.