President Bush signed a $15 billion aid package Saturday for the nation's airline industry
Published:
23 September 2001 y., Sunday
President Bush signed a $15 billion aid package Saturday for the nation's airline industry, which has suffered mounting economic losses since the Sept. 11 terrorist attacks.
The legislation ``will provide urgently needed tools to assure the safety and immediate stability of our nation's commercial airline system,'' Bush said in a statement.
``The terrorists who attacked our country on Sept 11 will not shut down our vital businesses or thwart our way of life,'' Bush said. He added that the bailout legislation will ``improve passenger safety, help the victims and their loved ones, and keep America's airplanes flying while the airlines develop long-term viability plans.''
The signing came less than 24 hours after the House voted, 356-54, Friday night to complete congressional approval of the legislation. It had cleared the Senate, 96-1 earlier Friday. Most House opponents were Democrats unhappy that the measure did not also provide aid for the 100,000 airline workers being laid off because of the industry's financial troubles.
Legislative leaders have promised those who consider the measure inadequate that Congress will consider bills to boost spending on aviation security and aid displaced airline workers.
Šaltinis:
AP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Campaign for green transport underscores key role of cities in fighting global warming.
more »
The EP has called for a rapid release of EU aid funds to help victims of this summer's devastating forest fires in Southern Europe, especially in Greece.
more »
Taking into account changes on domestic and international money markets AB DnB NORD Bankas, a member of international financial group shall change individual and corporate time deposit rates from September 14th.
more »
The World Bank today approved a US$75 million IDA credit to Sri Lanka, which will support the second phase of a community driven development program that has touched the lives of nearly one million poor Sri Lankans in the three provinces of Uva, Southern, and Sabaragamuwa.
more »
The lights went out on the traditional 100 watt bulb on 1 September as new EU rules on energy efficiency kicked in.
more »
EU seeks new tools for measuring economic performance that give more weight to social and environmental aspects of wellbeing.
more »
Samoa is to become the first nation in nearly 40 years to swap driving on the right side of the road, to the left.
more »
Tales of survival are beginning to emerge among passengers plucked from a sinking ferry off the southern Philippines.
more »
Taking into account changes on domestic money market AB DnB NORD Bankas, a member of international financial group shall change individual and corporate time deposit rates as of 1st September.
more »
Proposal for programme to coordinate resettlement of refugees at the EU level.
more »