FAA budget cuts trigger major east coast flight delays
The FAA furloughs unpaid air traffic controllers due to budget cuts cause delays across the East Coast. Flights into New York Baltimore and Washington face multi hour waits as planes sit grounded and LaGuardia sees about one in five departures delayed before noon. Similar disruptions hit Reagan National Newark and Philadelphia.
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U.S. home sales slip as supply stays tight
U.S. existing home sales fell to a 4.92 million annual rate in March from 4.95 million in February, with February revised lower. Purchaser activity is up 25 percent from a year ago, while supply remains constrained and economists expect gradual housing market recovery and potential higher construction.
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National Association of Realtors
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