FAA Projects Grounded After Congress Fails To OK Funds

Law360, New York (July 25, 2011, 1:25 PM EDT) -- The Federal Aviation Administration has shut down dozens of major airport modernization projects due to Congress' failure to pass the latest short-term extension to a funding bill for the agency, agency officials said Monday.

Nearly 4,000 FAA construction workers, engineers and planners were furloughed Saturday after the agency issued dozens of stop-work orders that shut down roughly 60 federal projects, including the construction of new air traffic control towers and the rehabilitation and modernization of air traffic facilities.

One of the contractors hardest hit was Pasadena,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.