Union rejects latest contract deal with railroad workers, renewing possibility of a strike

CHICAGO (CBS) -- No deal.

On Monday, a major labor union rejected a contract agreement with the railroads, renewing the possibility of a strike. The union for track maintenance workers voted against the deal.

They say didn't do enough to address the lack of paid time off. Several other unions have approved their agreements,  but all 12 unions representing railroad workers must ratify their contracts to prevent a work stoppage.

A strike could deal a major blow to the us economy impacting shoppers from the gas pump to the grocery store. Negotiations are ongoing