Washington, DC – A U.S. Senate committee will hear from airline and union officials next week in a hearing over the seniority system at the former TWA.
The system made the former employees the first targets of layoffs by American Airlines, which bought bankrupt TWA in 2001.
Sen. Kit Bond (R-Mo.) called the hearing of the Senate's Health, Education, Labor and Pension Committee, on which he serves. Bond says he wants to know why all the promises to former TWA workers turned into pink slips.
Springfield, IL – The state of Illinois sold $10 billion in bonds this week, $4 billion more than what the state had planned.
Budget Director John Filan says low bond yields made for a higher demand. The bonds raised cash to help pay pensions for retired state employees this year. It's a banking move that helps ease a roughly five billion-dollar deficit in the state's budget.
Jefferson City, MO – The Missouri House Thursday night passed a revised budget for the fiscal year that starts July 1.
The budget bills passed along mostly party lines. One of them adds about $86 million to education above what was originally passed by the Republican-led Legislature last month. To pay for funding increases this new budget would cut about 540 state jobs.
St. Louis, MO – A national educational research firm says the organizations that oversee Missouri's 26 charter schools are doing an average job, but that the state's support for charter schools is weak.