Mary Schlangenstein and Saleha Mohsin

Government, Business

Airlines Near 50,000 Job Cuts as American, United Feel Squeeze

House Democratic Caucus Chairman Hakeem Jeffries said that Mnuchin's comment made him optimistic. House Democratic Caucus Chairman Hakeem Jeffries said that Mnuchin's stimulus optimism "brings us much closer to an agreement than we have ever been." (Stefani Reynolds/Bloomberg News)

U.S. airlines are preparing to lay off tens of thousands of workers starting Oct. 1 unless they get additional federal aid, sparking a plea from Treasury Secretary Steven Mnuchin to hold off on the cuts amid signs of progress in talks with Congress.

September 30, 2020