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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

Massachusetts Gov. Charlie Baker will not seek re-election in 2022

Mass. Gov. Charlie Baker (R) speaking during a press conference in November 2021. Photo: Jonathan Wiggs/The Boston Globe via Getty Images

Massachusetts Gov. Charlie Baker (R), a moderate who typically ranks as one of the nation's most popular governors, said Wednesday that he and Lt. Gov. Karyn Polito (R) will not seek third terms in 2022.

Why it matters: The decision leaves the gubernatorial race wide open and will likely affect multiple down-ballot races next year. Baker was expected to be the front-runner had he joined the race.

4 hours ago - Health

CDC prepares tougher testing rules for international travelers

Travelers with their luggage arrive at a COVID-19 testing location at the airport in Los Angeles, Calif., on Nov. 23, 2021. Photo: Frederic J. Brown/AFP via Getty Images

The Centers for Disease Control and Prevention said Tuesday night that it is working to impose stricter testing requirements for international travelers due to the spread of the new Omicron variant.

The big picture: The new rules would require all international travelers, regardless of vaccination status, to show a negative test taken a day before their flight to the U.S. Currently, the CDC says fully vaccinated travelers are allowed to show a test taken no more than three days before their departure, AP reports.

Republicans threaten to shut down government over vaccine mandates

Sen. Mike Lee (R-Utah) in the Capitol in November 2020. Photo: Joshua Roberts/Getty Images

Conservative Republicans in the House and Senate are planning to force a government shutdown Friday to deny funding needed to enforce the Biden administration's vaccine mandates on the private sector, according to Politico.

Why it matters: Congress has until the end of the week to pass a stopgap measure to extend funding into 2022, though objection from a small group of Republicans could shut down the government.