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FAA's LaHood Urges Congress to Reach a Deal

Friday, 22 Feb 2013 | 1:07 PM ET

FAA head Ray LaHood said airline traffic will be hit by government spending cuts, in an effort to urge Congress to reach a deal by March 1, reports CNBC's John Harwood; and Phil LeBeau is watching Boeing's stock. Mary Schiavo, Motly Rice aviation disaster attorney, and Jason Gursky of Citi, offer insight.