Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Investing.com -- The U.S. Senate confirmed Republic Airways CEO Bryan Bedford as the new head of the Federal Aviation Administration (FAA) on Wednesday with a vote of 53 to 43.
Bedford, who was nominated by President Donald Trump, will serve a five-year term leading the agency. In his new role, he will oversee the implementation of $12.5 billion in funding approved by Congress last week to modernize the aging U.S. air traffic control system.
During his confirmation process, Bedford committed to maintaining strict oversight of Boeing (NYSE:BA). The aircraft manufacturer recently faced severe criticism from the National Transportation Safety Board following a mid-air emergency last month involving an Alaska Airlines 737 MAX 9 aircraft that was found to be missing four key bolts.
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