Looming Port Strike Could Cost Economy Billions

Businesses that depend on the flow of goods are warning of billions of dollars in economic damage if the 14,500 members of the International Longshoremen Association (ILA) go on strike at 12:01 a.m. Sunday as threatened.

But despite federally mediated talks taking place this week, efforts to reach an 11th-hour deal—or at least a contract extension to keep workers on the job—appear to be a long shot, as the union continues to balk at a key negotiating demand of management.