Surprise House vote aims to dash UAL/PBGC Deal

[BeerGuzzler]

United Airlines is facing a surprise move by House Democrats to scuttle the takeover of its pension plans by a federal agency. A vote is now underway on a narrowly drafted measure that would block any funding for the Pension Benefit Guaranty Corp. (PBGC) to “enforce or implement” a recent settlement agreement between United and the federal agency.

Rep. George Miller, D-Cal., said the purpose of the amendment was to get United back to the bargaining table with its unions and work out an alternative to terminating its pension plans.

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