Bush Signs Measure Aiding Airline Industry
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President Bush signed a bill providing $15 billion for the airline industry hit by job cuts and plummeting ticket sales since the terrorist attacks on the World Trade Center and the Pentagon.
“The terrorists who attacked our country on Sept. 11 will not shut down our vital businesses or thwart our way of life,” Bush said in a written statement from his Camp David retreat in Maryland.
“I commend the Congress for their cooperation and quick action in passing responsible legislation that 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 Senate and the House voted overwhelmingly late Friday to approve $5 billion in cash and $10 billion in loan guarantees.
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