Michelle Kaske

There remains no clear path on how to best reduce the debt of Puerto Rico’s power utility, a mediation team warned US District Judge Laura Taylor Swain, who is overseeing the seven-year bankruptcy.

(Bloomberg) -- There remains no clear path on how to best reduce the debt of Puerto Rico's power utility, a mediation team warned US District Judge Laura Taylor Swain, who is overseeing the seven-year bankruptcy.

A day after thousands of New York City subway riders were stuck underground in Brooklyn for more than two hours due to a power outage, transit officials said the incident illustrates the dire need to modernize the aging system.

A day after thousands of New York City subway riders were stuck underground in Brooklyn for more than two hours due to a power outage, transit officials said the incident illustrates the dire need to modernize the aging system.

A day after thousands of New York City subway riders were stuck underground in Brooklyn for more than two hours due to a power outage, transit officials said the incident illustrates the dire need to modernize the aging system.

(Bloomberg) -- New York's Metropolitan Transportation Authority, the largest mass-transit provider in the US, approved a nearly $20 billion operating budget for 2025 that includes a planned 4% fare and toll increase.

New York’s Metropolitan Transportation Authority, the largest mass-transit provider in the US, approved a nearly $20 billion operating budget for 2025 that includes a planned 4% fare and toll increase.

New York Governor Kathy Hochul is sending 250 additional National Guard officers into New York City’s subway system, adding to an initiative she begin in March to boost security on the nation’s largest transit network.

New York’s Metropolitan Transportation Authority is planning, come January, its first dip into a new source of funding: borrowing against future mansion tax revenue.

New York’s controversial program to start charging motorists entering parts of Manhattan next month could be derailed by a slew of legal challenges that are beginning to come to a head.