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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 is a Chicago-based NPR correspondent who works for the National Desk. She primarily covers criminal justice issues as well as breaking news in the Midwest and across the country.