Rail Union Rejects Deal, Renewing Strike Possibility

The third largest rail union, the Brotherhood of Maintenance of Way Employes Division, rejected its deal with freight railroads, renewing the possibility of a strike that could cripple the economy, according to CBS News.

According to the report, both sides will return to the bargaining table in an attempt to renegotiate the contract that four other railroad unions approved. The Brotherhood of Maintenance of Way union said it agreed to delay any strike until five days after Congress reconvenes in mid-November to allow time for additional negotiations.

The union will continue its negotiations with the freight railroads that include BNSF, Union Pacific, Kansas City Southern, CSX and Norfolk Southern.

Click here for the full report.