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Watch live: President Biden signs bill into law averting rail worker strike

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President Joe Biden signed a bill into law making a rail strike illegal, preventing workers from walking off the job weeks before the holiday season.

Despite his history as a pro-union politician, Biden ultimately called on Congress to intervene after negotiations stalled and union workers threatened to strike. The workers and companies had until Dec. 9 to reach an agreement before they vowed to strike, which the industry estimated would cost the U.S. economy $2 billion per day.

Biden said Thursday that he supports unions as much as ever, but as president of the United States, rather than a single senator from Delaware, it was his job to look out for all Americans. He said he has long been a proponent of paid sick leave — a main sticking point in the talks — and will still work to make it a right for all workers, not just rail workers.

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Article source: https://www.cnbc.com/2022/12/02/watch-live-president-biden-signs-bill-into-law-averting-rail-worker-strike.html