Biden Calls On Senate To Act As The Rail Strike Looms To Daily Economic Damage

Railway workers walk through Union Station in Washington, DC, on September 15, 2022. - US rail companies and unions have reached a tentative deal to avert a major strike over the weekend, US President Joe Biden said in a statement on September 15. The railroads and the Biden administration have focused on wage increases included in the deal between the railroad companies and the unions. STEFANI REYNOLDS/BENZINGA

US President Joe Biden (C), joined by (L-R) Deputy Secretary of Labor Julie Su, US Secretary of Labor Marty Walsh, Celeste Drake, Made in America Director at the Office of Management and Budget, and Director of the National Economic Council Brian Deese, speaks about the railway labor agreement in the Rose Garden of the White House in Washington, DC, September 15, 2022. The Biden administration had worked with both the unions and the railroad companies as Congress gets into session as the votes loom. JIM WATSON/BENZINGA

The possibility of a $2 billion a day cost to the American economy is on the line as President Joe Biden pushes for a government-led negotiation between railroad companies and rail unions.