Moody's: Federal budget blueprint would worsen mass transit funding shortfall
Announcement: Moody's: Federal budget blueprint would worsen mass transit funding shortfall. Global Credit Research- 01 May 2017. New York, May 01, 2017-- The proposed 2018 federal budget blueprint intends to eliminate approvals for new grants in capital programs representing one-fifth of federal transit funding, which would significantly widen an existing $90 billion capital funding gap, Moody's Investors Service says in a new report.
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