New York’s The Metropolitan Transportation Authority has asked for a federal bailout of $4 billion because of the growing cost of the novel coronavirus. MTA Chairman Patrick Foye, in a letter to New York’s congressional delegation Tuesday, said the authority estimates it will lose $3.7 billion in fare revenue as ridership has plummeted since the start of outbreak early this month and is expected to stay at a low level for six months.

Source: Wall Street Journal March 17, 2020 23:48 UTC