The president signed a bill on Friday making a potential strike by American rail workers illegal. That’s according to CNBC. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says if the rail shipping industry were to shut down, it would be a disaster for the economy…
Rail workers and companies had until December 9th to reach an agreement before workers vowed to strike. Industry estimates suggest a strike would have cost the U.S. economy $2 billion a day.