a judgment made by a third party to settle a dispute between two other parties, which is obligatory (both parties agree in advance to abide by the result)
Included in the 300-page law are provisions to eliminate the right to strike and binding arbitration for public workers.
binding arbitration is a process in which two sides select an impartial third party to resolve an issue.
In some cases, binding arbitration results in a win-win outcome; other times, it results in a lose-lose outcome.
So what can we learn from binding arbitration and how can we apply it to the Congressional gridlock?