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On the Money — Biden moves to block rail strike

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President Biden is calling on lawmakers to prevent a rail strike as the deadline looms. We’ll also look at the economic impacts of China’s COVID-19 lockdown protests and striking new comments from a top Fed official.
But first, did you see that monkeypox is getting a name change? 
Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Aris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter?Biden calls on Congress to avert rail shutdown
President Biden on Monday called on Congress to pass legislation to avert a rail shutdown before Dec. 9, warning of major disruptions to the U.S. economy if lawmakers don’t act.  
He said Congress should pass a bill “immediately to adopt the Tentative Agreement between railroad workers and operators — without any modifications or delay — to avert a potentially crippling national rail shutdown.”
Biden’s plea to Congress comes amid an ongoing labor standoff that could shut down crucial shipments of food and fuel.
He’s referring to the deal struck in September that gave some concessions to workers but still didn’t satisfy their demands for paid sick leave and less rigorous scheduling.
Biden said his administration has been in regular touch with labor leaders and management but sees no path to resolve the dispute at the bargaining table.  
“Let me be clear: a rail shutdown would devastate our economy. Without freight rail, many U.S. industries would shut down,” he said, adding that union workers would be out of work, communities would struggle to get chemicals that ensure clean drinking water and farmers and ranchers would be unable to feed their livestock.
Alex Gangitano has more here. 
???????? ALL EYES ON CHINA 
COVID-19 lockdown protests in China rattle US, world markets
Protests in multiple cities in China over the country’s so-called zero-COVID policy rattled world markets Monday, adding to fears about stagnating growth and supply chain crunches as the holiday shopping season picks up.

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