Bush OKs $15B Airline Aid Package

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.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

How much security is too much?

Since 9/11, and with the terrorist attacks in Madrid in 2004 and in London in 2005, security has become a top priority for the EU. more »

Obama apologizes for remark

Obama made a "joke" about his bowling skills being bad, comparing it to the Special Olympics. more »

Energy and climate change: A look back and a time to decide our future

Energy policy and climate change have raced up the political agenda in the last few years. more »

Water – 71% of the Earth's surface, but still scarce

A desolate planet where the most prized asset is water - that is the scenario in Frank Herbert's science fiction novel “Dune”. more »

London's first vertical rush

More than 600 people turned out for London's first verticle rush. Winner took just four minutes and 57 seconds to get from bottom to top – 920 steps. more »

Consumer protection - look back at some EP measures

In an ideal world, the consumer would be king. Today's consumer is alas often a victim - left feeling helpless and frustrated. more »

China makes tainted pork arrests

China arrested fifteen people for selling pigs fed with banned growth chemicals, which sickened 70 people in the country's southern Guangdong province. more »

China offers Taiwan two white tigers

China offers Magnificent white tigers to a city in Taiwan as an act of goodwill. more »

Europe's Roma - stuck in a “vicious circle” of despair

Europe's estimated 10-12 million Roma are its largest minority and most of them live in abject poverty. more »

Global recession hits moon sales

To boost sales, the Czech Republic lunar embassy has cut prices down by 20 percent, offering land patches for 799 Czech Crowns (39 U.S. dollars). more »