WASHINGTON—The White House said Thursday it had reached a tentative agreement to avoid a railway strike that threatened to cripple swaths of the U.S. economy.
The Biden administration had been holding talks with representatives from both sides to avoid transport disruptions that could have snarled supply chains, putting new pressure on prices when inflation has been hovering near four-decade highs. Business groups and key rail customers, such as energy companies and national retailers, had been calling on the government to avoid a strike.
