Pelosi signals another airline bailout may be coming


Stocks bump. Federal chum may soon again be in the water.

(From Zerohedge)

Pelosi urged airlines to delay planned furloughs, as an agreement is “imminent” on government assistance, according to Bloomberg.

“As relief for airline workers is being advanced, the airline industry must delay these devastating job cuts,” she said.

Stocks, particularly airline stocks, bounced on the news – though as @ForexLive notes, “The market is mis-reading this. The newswire headlines hint it’s a broader deal but it’s airlines only.”

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