Newsstand - U.S. Senate votes to preserve air loan guarantees

U.S. Senate votes to preserve air loan guarantees

The U.S. Senate voted on Tuesday to preserve $10 billion in loan guarantees for struggling airlines, giving cash-poor US Airways (NYSE:U - News) and other proponents of the program new leverage on Capitol Hill.

http://biz.yahoo.com/rc/020604/airlines_loans_congress_3.html

White House threatens veto of U.S. emergency funds

The White House on Tuesday threatened to veto a $31 billion Senate emergency counterterrorism spending bill, saying it was too expensive and funded too many low-priority programs under the guise of responding to the Sept. 11 attacks.

http://biz.yahoo.com/rf/020604/congress_spending_1.html

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US Airways Pilots Propose Pay Cut to Aid Airline in Getting Federal Bailout

US Airways Group pilots have proposed $328 million in annual wage concessions to help the carrier tap the government's $10 billion loan guarantee program and return to profitability

http://biz.yahoo.com/djus/020604/200206041748000601_1.html


[This message has been edited by doc (edited 06-04-2002).]