Key facts
- The White House has formally requested $1 billion from Congress.
- The funds are intended to increase pensions for former workers of Delphi, a former GM auto parts unit.
- These pensions were reduced during General Motors' 2009 bankruptcy restructuring.
- The administration also requested $500 million for construction projects in and around Washington D.C.
- An additional $1 billion was requested for the reconstruction of New York's Penn Station.
- The White House seeks to allow the FAA to reallocate funds from air traffic control modernization to reform plans.
The White House has formally asked Congress for $1 billion to bolster the pensions of workers formerly employed by Delphi, an auto parts subsidiary of General Motors. These pension benefits were reduced during GM's bankruptcy proceedings in 2009.
In addition to the pension funding request, the administration is seeking $500 million for ongoing construction projects in the Washington D.C. area. A separate request for $1 billion has been made to aid in the reconstruction of New York's Penn Station.
Furthermore, the White House wants Congress to grant the Federal Aviation Administration the flexibility to reallocate funds from its $12.5 billion air traffic control modernization program to support any air traffic reform initiatives.