2 Sides in West Coast Port Dispute Reach Deal

Both sides involved in the west coast labor dispute reached a tentative deal Friday evening, likely ending a rocky nine-month-long negotiation process that jammed the flow of shipments across the Pacific.  

The Associated Press reported that union leaders agreed on terms for a five-year contract, but that the deal still awaits approval from the union’s 13,000 members.

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The last-minute deal comes as the White House increased pressure on both parties to end the dispute that, by some reports, could cost the US economy as much as $2 billion a day in the case of a shutdown. Earlier this week, Secretary of Labor Tom Perez, who flew to San Francisco to help negotiate the terms of the contract agreement, placed a Friday deadline on both parties to come to an agreement. 

Even if the agreement is confirmed tomorrow, it will likely take some time before the ports return to business as usual. As of Friday morning, there were a reported 50 stalled ships on the offshores of the Pacific, waiting to unload cargo. 

More updates to follow.

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