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NY’s MTA seeks $12B federal bailout amid public transit’s revenue struggles across US – Fox News

Public transit nationwide has been hit by a double whammy of decreased income and increased costs due to the coronavirus pandemic.

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New York state’s Metropolitan Transportation Authority (MTA), the largest public transit system in North America, says it needs a $12 billion bailout from the federal government in order to withstand the worst financial crisis in its history.
“The MTA simply cannot wait any longer for relief from Washington,” Patrick J. Foye, the MTA’s chairman and CEO, said Wednesday. “New York’s economic future, and the country’s, relies on a strong MTA powering progress. If the Senate fails to step up and de…

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