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COVID-19

Could the Fed help bail out New York's MTA?

by Justin Ho

Jul 16, 2020

The central bank offers loans to help state and local governments through the pandemic. But is it the best way to borrow?

A worker cleans the turnstiles at an MTA subway station in May. With hardly any farebox revenue, the MTA is considering a loan from the Fed's Municipal Liquidity Facility.

Spencer Platt/Getty Images

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