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United's Loan Guarantee Denied, Bankruptcy Close

A federal panel rejects United Airlines' request for nearly $2 billion in government loan guarantees, increasing the likelihood the carrier will have to seek protection from creditors in bankruptcy court. NPR's Cheryl Corley reports.

Copyright 2002 NPR

Cheryl Corley
Cheryl Corley is NPR’s Midwest Bureau Chief and is based in Chicago.