ALPA News

Senate Financial Overhaul Bill Passed

July 16, 2010 - On Thursday, the Senate passed the Restoring American Financial Stability Act by a 60–39 vote to limit oil and other commodities speculation. Between 2007 and 2008, the price of oil fluctuated between $38 and $140 per barrel. Consequently, airlines lost millions of dollars, which led to decreased capacity, bankruptcy, and job losses.


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