United loses bid for 1.8 billion loan guarantees
United Airlines fails to win 1.8 billion dollars in federal loan guarantees from the Air Transportation Stabilization Board. The board calls United’s business plan financially unsound and poses high taxpayer risk. If denied, United may pursue bankruptcy or revise its request.
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United
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Bush Restores Bonuses for Federal Political Appointees
The White House disclosed that cash bonuses for about 2100 political appointees at federal agencies have been reinstated. Bonuses above 25000 require presidential approval, with funds drawn from existing salary budgets. Critics warn of potential merit abuse amid privatization and Homeland Security moves.
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Andy Card
Office of Personnel Management
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Leon Panetta
Panetta
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Department of Homeland Security
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