Today’s Headlines — 11/21/08
November 21, 2008By Andrew Bielak
- New York City’s transit authority plans to combine drastic service cuts with big fare increases this Spring. (New York Times)
- Massachusetts political leaders argue over a gas-tax hike and other funding issues. (Boston Globe)
- California Gov. Arnold Schwarzenegger attacks the state’s budget deficit by diverting $230 million from public transit. (San Francisco Chronicle)
- Officials in San Diego County expect a four-percent drop in revenue from a transportation sales tax, putting the area’s transit agencies at risk for major cuts. (San Diego Union-Tribune)
- Democratic leaders in Congress postpone plans for a large economic stimulus package. (Wall Street Journal)
- Lawmakers give Detroit’s auto execs 12 days to come back with a better argument for getting a $25 billion loan. (New York Times)
- Crude oil drops below $50 a barrel and gasoline nears $2 a gallon on the heels of more bad news in the stock markets. (Wall Street Journal)
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