House passes bill to avoid rail strike, NBC News reports

The House has passed a bill to avoid a potential rail strike that President Joe Biden warned could threaten the U.S. economy, Scott Wong and Julie Tsirkin of NBC News report. The bill, which passed 290-137 with broad bipartisan support, will now head to the Senate. Majority Leader Chuck Schumer told reporters on Tuesday that " McConnell and I both want to pass it quickly… We understand the time deadlines, and we’ll be working together and figure out the best way to get it done quickly." 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