President Joe Biden signed a bill to avert a freight rail strike that he said could have plunged the U.S. into a catastrophic recession.

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Legislation to avert what could have been an economically ruinous freight rail strike won final approval in Congress on Thursday.

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The U.S. House moved urgently to head off the looming nationwide rail strike, passing a bill that would bind companies and workers to a proposed settlement.

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Railroad unions decried President Joe Biden's call for Congress to intervene in their contract dispute.

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Consumers could see higher gas prices and product shortages during the winter holiday season if railroads and all of their unions can't agree on new contracts.

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Workers at the Enoch Pratt Free Library voted overwhelmingly to form a union.

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A third railroad union has rejected its agreement with the nation's freight railroads, increasing the chances that Congress may be called upon to settle the dispute and block a strike.

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The possibility of an economically devastating railroad strike has been pushed back into early December to allow time for engineers and conductors to vote on their agreements.

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Another one of the 12 railroad unions narrowly approved its deal with the major freight railroads Saturday.

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A second railroad union rejected its deal with the major U.S. freight railroads, adding to concerns about the possibility of a strike next month that could cripple the economy.

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