The daily business briefing: November 30, 2022

Congressional leaders say they will intervene to prevent a devastating rail strike, holiday shoppers set records over Thanksgiving weekend, and more

Joe Biden
(Image credit: Olivier Douliery/AFP via Getty Images)

1. Congressional leaders vow to prevent rail strike

Democratic and Republican leaders in Congress said Tuesday they will intervene to prevent a looming nationwide rail strike. President Biden had called for Congress to impose a negotiated deal rejected by members of four of the 12 unions representing the 115,000 rail workers, warning that a strike would disrupt vital supplies of food, fuel, and water, devastating the economy. House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.) vowed to act quickly after meeting with the White House and Republican leaders. "I don't like going against the ability of unions to strike," Pelosi said, but "we must avoid a strike." Union leaders said forcing workers into contracts without paid sick leave goes against their interests.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.