negotiators their due. he is meeting with them in the oval office. this case down to the wire with a source familiar with the negotiations telling nbc news the deal was reached early this morning after 20 hours of talks. there was, quote, a basic handshake at 2:30 a.m. and approval by the teamsters board at 4:30 a.m. it couldn t come at a more critical juncture as the biden administration tries to tame red hot 40 year high inflation with the midterms now just 53 days away. for some context about what a strike would mean for our economy, our web of railways are responsible for shipping about 40% of goods from grain to cars long distance across the u.s. a strike would cost our economy $2 billion every single day leading to empty shelves and higher prices for a public already feeling a price pinch. and just the last 45 minutes, transportation secretary pete buttigieg addressed the news while speaking in detroit. my appreciation to all of the parties that stayed at the table an
whether she will stay part of her order and allow the justice department to access the 100-plus documents seized at the former president s residence. and then across the atlantic in london, mourners are lining up for miles outside westminster hall to view queen elizabeth s coffin as she lies in state. we ll take you there live with the latest updates as well. we start with that breakthrough agreement for america s railways. a short time ago the president announcing that frustrate rail workers will get better pay and improved working conditions and health care benefits. this is a win for tens of thousands of rail workers and for their dignity and the dignity of their work. it s a recognition of that. because of the labor agreement, those rail workers will get better pay, 24% wage increase over the next five years, improved working conditions, peace of mind around their health care by capping the cost that workers will have to pay. so a strike would have greatly, by the way
lay floral tributes and continue to come to lay floral tributes. prince william was overheard talking to a member of the crowd saying that he found yesterday s procession difficult and it brought back memories. prince william was just 15 years old when his mother diana died 25 years ago this year. he had to walk behind her coffin in that very public funeral back in 1997. we all remember those very poignant and difficult images. there are more processions to come, yasmin. on the day of the funeral, next monday there are three processions. prince william will be in all of them. the first will be from westminster hall to westminster abbey where the funeral will be held. he ll be walking behind his grandmother s coffin, along with prince harry and the king, king charles. that funeral will be attended by 2,000 people. that s the maximum capacity of
this and saying the doj was wrong. yesterday the doj fired back and said that national security is being harmed right now by this delay. so the doj has given this judge until today to rule on this matter. they said, if she doesn t, they re going to take it up on appeal to the 11th circuit and ask the 11th circuit to temporarily put this thing on hold. the there s nothing binding this judge. she can do whatever she wants. i think we can expect filing from the doj either tonight or tomorrow morning appealing and asking the 11th circuit to impose this temporary stay while they litigate. a lot of legal experts have looked at this saying the law is on the side of the justice department. when the executive branch comes to the judge and says we think national security is at risk, we need these documents, generally the courts defer to that, yasmin. this judge has not done so so far, we ll have to wait and see.
this is obviously just two months ahead of the midterms, yasmin. this is a big victory, not just for the american people, but the administration because they stave off the potential for real problems on the economy. the president walked away from the podium, and he was asked about food prices going up 11% year over year. he said the rails are running again, those prices are not going to go up. insisting that where they are is the peak. peter, do we know when the membership vote is happening? it s a good question. we don t know when the membership vote will be happening. what is important about that, part of this agreement, a key element is what is described as a cooling-off peer yochld even if the vote fails, they wouldn t go to an immediate shutdown. that is a little bit of a reprieve to sort things out if it doesn t pass the membership. you re hearing praise from all