The railway strike stopped after the marathon talks reached an interim agreement.

President Biden announced the agreement after negotiations brokered by the Secretary of Labor continued until late into the night.

The heads of 13 rail unions and the country's biggest rail freight carrier reached an interim agreement on Thursday morning.

The railroad and union negotiators reached an interim agreement that balanced the workers' needs.

Secretary Walsh and the Biden administration applaud all sides for achieving this uphill battle.

Workers in their respective labor organizations must still approve commitments.

"The economic impact could have been substantial," a White House official said of Biden's mediation.

"The economic impact could have been substantial," a White House official said of Biden's mediation.