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MTA Chief Says Agency Set to Run Out Of U.S. Cash by August

  • Chairman Foye makes comments in interview with Bloomberg
  • A plea for Senate to act on House’s $3 trillion stimulus bill
A commuter wearing a protective masks sits inside a subway stopped at a station in New York on June 3.
Photographer: Sarah Blesener/Bloomberg
Updated on

New York’s Metropolitan Transportation Authority will run out of money in August if the U.S. Senate does not approve the economic stimulus measure that would provide about $3.9 billion to the agency, Chairman Patrick Foye said.

“We’re in a dire financial situation,” Foye said during a Bloomberg Television interview Monday, as the city prepared to enter a second phase of reopening, with about 300,000 more workers expected to occupy offices, open air restaurants and small businesses such as barber shops. “It is absolutely critical that the MTA receive that money.”