Word: retroactiveã
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Relations between Amtrak and its employees have strained over the issue of whether Amtrak will make long-awaited pay raises retroactive??€”payments that Amtrak, which is funded in large part by federal subsidies, likely cannot afford to dole out. If negotiations do not diffuse the tensions in the next two weeks, Congress seems poised to intervene. But in the event that there is a strike, it will involve severe repercussions for transit systems throughout the Northeast, and any resolution will almost certainly require a government bailout. Such a scenario would highlight two striking problems with the current state...
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