New York City, teachers strike deal that could be template

Mayor Bill de Blasio announced that New York

Mayor Bill de Blasio announced that New York City and its largest teachers union struck a deal on a new contract. (May 1, 2014 6:23 PM)

(AP) -- New York City and its largest teachers union struck a deal on a new contract Thursday, Mayor Bill de Blasio announced, ending a nearly five-year labor dispute and potentially setting a template for negotiations with the city's other unions.

Teachers will receive back pay equivalent of nearly 8 percent of their salaries and a series of additional small raises through 2018, according...

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