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Public Transit Needs Help Too

Posted by Jeff Dircksen - November 18, 2008

Apparently, recent record-high gas prices and spikes in ridership weren't enough to keep America's public transit systems from imploding along with the financial system, state governments, and the auto industry. CQ.com is reporting today that "transit agencies hope Congress will include a provision requiring the Treasury Department to guarantee billions of dollars in financing agreements at risk because of American International Group Inc.'s collapse in any economic stimulus bill voted on this week." If it's Tuesday, it must be hand out day.

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