Congress Considering $50 Billion Transportation Bailout
Congressional leaders are seeking to provide more than $50 billion in additional aid to the transportation sector, with airlines, transit systems, and aerospace manufacturers among the proposed beneficiaries targeted for assistance.
The Democrats' plan, which was first reported by Reuters, calls for $14 billion in additional payroll assistance for the airlines, $8 billion to U.S. airports, and $3 billion for airplane makers. The proposal also includes $30 billion to local transit agencies, $1.5 billion to Amtrak, and funding for other ancillary businesses.
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Source Fool.com
