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FRIDAY, SEPTEMBER 21, 2001

Congress and the White House on Thursday night worked to finalize a $15 billion bailout of the failing airline industry.

The proposal includes $5 billion in cash to cover losses incurred while airports were shut down after last week's terrorist attacks. And although the White House opposed it, the package includes $10 billion in loan guarantees.

A three-member commission will be convened within 14 days to determine how to distribute the aid.

A House legislative committee plans on considering the package today.

Get the Story:
Deal Reached On Federal Help for Airlines (The Washington Post 9/21)

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