White House Seeks $1 Billion to Restore Pensions Cut in GM Bankruptcy

WASHINGTON — The White House sent a formal request to Congress on Wednesday seeking $1 billion to restore pension benefits for workers at Delphi, a former auto parts division of General Motors, whose retirement funds were slashed when the Detroit automaker went through bankruptcy restructuring in 2009.

In addition to the pension funding, the administration is requesting $500 million to support active construction projects in and around the nation’s capital, along with another $1 billion dedicated to the reconstruction of New York’s Penn Station.

The White House is also asking lawmakers to grant the Federal Aviation Administration the authority to redirect any portion of the $12.5 billion set aside for modernizing the country’s air traffic control system toward alternative air traffic reform initiatives.