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Congress reaches deal to end FAA shutdown
(Reuters) - Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.
The standoff, which began on July 22, centered on partisan differences over full funding of the agency through the middle of next month.
In addition to idled construction projects, the gridlock allowed airlines to stop collecting more than $30 million per day in ticket taxes, leaving a hole in government revenue for aviation priorities but giving carriers a big windfall.
"I am pleased to announce that we have been able to broker a bipartisan compromise between the House and the Senate," Senate Majority Leader Harry Reid said in a statement.
Reid said the deal did not resolve underlying differences that held up the latest in a series of stop-gap FAA funding extensions and that they could re-emerge later.
more at link...
Congress reaches deal to end FAA shutdown
(Reuters) - Congressional leaders struck a deal on Thursday to resolve a partisan dispute and end a partial shutdown of the Federal Aviation Administration that has halted airport projects and threatened thousands of jobs.
The standoff, which began on July 22, centered on partisan differences over full funding of the agency through the middle of next month.
In addition to idled construction projects, the gridlock allowed airlines to stop collecting more than $30 million per day in ticket taxes, leaving a hole in government revenue for aviation priorities but giving carriers a big windfall.
"I am pleased to announce that we have been able to broker a bipartisan compromise between the House and the Senate," Senate Majority Leader Harry Reid said in a statement.
Reid said the deal did not resolve underlying differences that held up the latest in a series of stop-gap FAA funding extensions and that they could re-emerge later.
more at link...