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The UPS logo. Photo: Smith Collection/Getty Images

UPS and the Teamsters union, which represents 260,000 of the delivery service's workers, are deadlocked on collective bargaining negotiations — as the company aims to offer delivery services seven days a week — and they don't seem to be close to an agreement as the union has already voted in favor of a strike, reports CNN.

Why it matters: The deadline for the two sides to come up with a new arrangement is August 1, and if they fail to do so it could lead to a devastating strike that may disrupt the nation's economy.

Between the lines: More than 90% of UPS' freight employees agreed to authorize a strike, and 93% of the union members who voted agreed on the measure as well, reports Fortune. The labor strike would be one of the largest in decades.

  • Although it's been authorized, workers can't strike until after July 31 when the deal ends.
  • UPS began offering Saturday delivery service last year and have proposed plans to expand to Sunday.
  • The two sides are also discussing a two-tier wage system converting part-time workers earning $15 per hour into full-time workers earning the same amount. However, current full-time drivers earn an average of $36 per hour.
    • Workers within the union are torn on this potential policy, which makes it more difficult to strike.

Threat level: UPS ships an equivalent of about 6% of the U.S.' gross domestic product around the country. A strike of this magnitude could stop those shipments and have a significant blow on the economy, per CNN.

Backdrop: The last time UPS had a strike was 1997, per Fortune. The company was concerned it could lose "hundreds of millions" of dollars, per the New York Times.

The bottom line: Though the pressure is mounting on both sides to close on a deal, there is still time between now and when the deal expires to finalize it.

Go deeper

House passes $1.9 trillion COVID relief package

Photo: Screenshot via C-SPAN

The House approved President Biden's $1.9 trillion COVID relief package on a 219-212 vote early Saturday morning, sending it to the Senate for a possible rewrite before it gets to Biden's desk.

The big picture: The vote was a critical first step for the package, which includes $1,400 cash payments for many Americans, a national vaccination program, ramped-up COVID testing and contact tracing, state and local funding and money to help schools reopen.

8 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.