FAA Set to Lose $1 Billion After Senate Fails to Pass Funding

The Federal Aviation Administration will lose more than $1.2 billion in uncollected taxes alone, after the Senate adjourned today for a month-long "district work" period without passing a bill to re-fund it. Funding for the FAA expired on July 22, shutting down not only the administration's tax collecting but also construction and maintenance projects across the country. About 75,000 workers have been laid off as a result. While the House passed both a short-term and a long-term funding bill...Full Story
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