The Biden administration is making preparations for a complete shutdown of the railway system amid failing talks between trade unions and railways. The negotiations have been going on for more than two years but hit a wall earlier this year, raising the risk of widespread strikes and paralysis for railway transport. Talks continue but a successful outcome remains far from certain. According to a fresh Reuters report , the shutdown of the U.S. railway system could take place as early as this Friday. This would paralyze close to a third of U.S. cargo shipments, costing the economy some $2 billion. A system shutdown would also aggravate the inflation situation in the country and interfere with the supply of essential goods such as food and fuels. The administration has been active in trying to get trade unions and railways to settle on a deal but time is running out. “The […]