New York’s transit system is in a financial crisis “” but saving it is vital to the US economy, experts say

New York’s transit system is in a financial crisis “” but saving it is vital to the US economy, experts say

Experts say the consequences of a meltdown at the MTA could spread far beyond the New York metro area.







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New York's transit agency, the Metropolitan Transportation Authority, says it needs $12 billion in emergency federal aid to fund itself through 2021. 

Subways and buses are vital to New York's $1.8 trillion economy “” if the transit network fails, the entire region could suffer.

But that's not all. Experts, activists, and transit officials warn that not funding New York transit could deal a devastating blow to the nation's financial health and recovery.

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New York's transit system is in a financial crisis, and to anyone