Biden intends to call on Congress to prevent rail shutdown, WaPo says

Just under two weeks ahead of a railroad strike deadline, U.S. President Joe Biden intends to call on Congress to take action to prevent a shutdown of the nation’s freight railroads, the Washington Post’s Lauren Kaori Gurley, Tyler Pager, and Tony Romm report, citing an official briefed on his plans. A strike could create risks to the country’s water supply, halt passenger travel, and result in major disruptions to the U.S. supply chain amid the peak of the holiday season, potentially worsening inflation, the authors note. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link