(Source: Journal of Commerce, July 22, 2011)
WASHINGTON, D.C. — Up to 4,000 federal employees will be furloughed and $2.5 billion in airport improvement work will stall midnight Friday after federal legislators failed to reauthorize the Federal Aviation Administration. Following the U.S. Congress’s inability to extend the FAA’s authorization until Sept. 17, the administration will be partially shutdown and lose out of about $200 million in weekly airline taxes.
Full story: www.joc.com