Looming rail strike could impact US economy ahead of holidays

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Looming rail strike could impact US economy ahead of holidays
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Tens of thousands of rail workers are threatening to strike as early as Friday, calling for better working conditions.

ABC News' Andrew Dymburt reports on rising concerns of a rail strike after a third union rejected a tentative agreement negotiated with the Biden administration in September.A third railroad union has rejected its agreement with the nation's freight railroads, increasing the chances that Congress may be called upon to settle the dispute and block a strike.

Seven other unions have ratified the five-year deals that include 24% raises and $5,000 in bonuses. The focus now is on the three unions that have voted down their agreements and the remaining two that haven't finished voting. "If we can't improve the agreement by getting some sort of sick leave, I think Congress is going to have to intervene because I think the railroads are just too stubborn to give us what we want unless we are able to strike," Tony Cardwell, president of the Brotherhood of Maintenance of Way Employes Division union, said Monday.

When they're not at the negotiating table, the railroads and unions will be lobbying Congress over the next few weeks about what should be included if lawmakers do decide to impose contract terms on the freight railroads.

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