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Fare hikes and service cuts loom as US transit systems confront $6-billion funding shortfall

Business Mirror LogoBusiness Mirror1d ago

Fare hikes and service cuts loom as US transit systems confront $6-billion funding shortfall - Business Mirror

Quick Summary:

When Covid-19 broke the US economy, the trains and buses that carried millions of Americans to work every day emptied out.

A $70 billion lifeline from the federal government kept them going—a bet that someday they would again be packed with commuters.

The MTA’s capital program “must be fully funded to carry out critical work that will keep the system running and canceling congestion pricing has serious consequences,” Kevin Willens, the agency’s chief financial officer, said in a statement.“More broadly, unpredictable federal transportation policy harms the MTA and municipalities across the country.

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Article Details

Author / Journalist: Sri Taylor & Aaron Gordon | Bloomberg

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 16:03:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1807 words

Reading Time: 11 minutes read

Sentences: 72 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28336690

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 31 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "Fare hikes and service cuts loom as US transit systems confront $6-billion funding shortfall" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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  • URL: https://tex.beamstart.com/news/fare-hikes-and-service-cuts-17462891675397

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