Mr and Mrs Transit Agencies Go To Washington

Continuing on from the AIG post below (regarding loan defaults for transit agencies) ... thank goodness Congress at least invited Transit agencies to discuss the bailout package, what with all the Detroit talk one would assume cars are the be all and end all of transportation.

It would be a travesty if Transit agencies are forced to make cuts AND raise fares at a critical time when more and more people are being turned on to transit. Yesterdays meeting looks encouraging ...

"Late yesterday, transit industry officials reported a 'very encouraging' development that could lead to a solution by week's end. The remedy would remove the incentive for banks to demand payment from transit agencies, at no cost to taxpayers."

U.S. Transit Agencies Ask Congress for Help in Averting Service Cuts - washingtonpost.com