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February 5, 2003

Bush still trying to kill Title XI
No surprise in this part of the Bush Administration's FY 2004 budget proposal.

There's just $4.5 million for the Title XI Maritime Guaranteed Loan Program in the budget request. The reason? "Consistent with the Administration's intent to eliminate corporate subsidies, no funds are requested for loan guarantees. The budget request of $4.5 million is for the administration of the existing loan guarantee portfolio."

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