Billions Needed to Bail Out Troubled NY, NJ Mass Transit Services and Port Authority
A plummet in ridership amid the coronavirus outbreak has put New York and New Jersey’s essential mass transit services in desperate financial need, with both now asking for federal bailouts in the billions. MTA Chairman Pat Foye said there has been a “precipitous decline in ridership” across the system that have brought it to “never-before-seen lows.” He is asking the…
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