Categories: Financial News

Feds Revoke Approval for NYC’s Congestion Pricing – What’s Next?

The Trump administration announced Wednesday that it will revoke approval of New York City’s congestion pricing program, which is intended to reduce traffic while raising billions for upgrading New York’s subway and bus system.

Sean Duffy, Transportation Secretary, said that the move would stop the program which began on January 5.

New York Governor Kathy Hochul said earlier that the money would underpin $15 billion in debt financing for mass transit capital improvements. Kathy Hochul had said that the money would be used to finance $15 billion of debt for capital improvements in mass transit. The program was approved during the last months of Joe Biden’s presidency.

American Conservatives

Recent Posts

Schumer’s Spending Deal Falls Apart as House Democrats Stage Mutiny

When Democrats Eat Their Own You know what's almost entertaining about this whole mess? Watching…

10 hours ago

Minnesota Criminal Illegal Immigrant Rams ICE Vehicle as Attacks on Federal Agents Skyrocket

When the Criminals Fight Back There's something deeply wrong when federal law enforcement officers can't…

10 hours ago

Jordan Investigates Organization Using Your Tax Dollars to Block Deportations

The Taxpayer Funded Deportation Prevention Machine Jim Jordan isn't playing games anymore. The House Judiciary…

10 hours ago

Another Seat Gone as Democrats Win Texas Race and GOP Majority Gets Even Thinner

The Margin That Keeps Getting Smaller Here's the reality nobody wants to say out loud.…

10 hours ago

No More Spitting on Officers: Trump Draws Hard Line on Anti-ICE Riots

When the Grown-Ups Have to Step In There's something almost poetic about watching the same…

10 hours ago

Senator Blumenthal’s ICE Tantrum Reveals Democrats Still Don’t Get Border Security

When Government Shutdown Theater Gets Personal Senator Richard Blumenthal just said the quiet part out…

2 days ago