Quiet Phase Two for NYC, More Relief “Absolutely Critical” for NYMTA

  • New York City began its phase two reopening, but companies have been largely slow to move workers back to offices and the workers themselves have not been quick to return, either.

  • There are significant short-term questions about the financial status of the New York Metropolitan Transportation Authority (MTA).

  • In a Monday interview on Bloomberg, MTA Chairman and CEO Pat Foye said, “We are in a dire financial situation.” Foye noted the proposed money in the HEROES Act is “absolutely critical.”

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