Huge CTA el car deal hits snag in Washington – Crain’s

In the first of two actions, the White House announced that Trump has decided to impose tariffs on $50 billion worth of Chinese imports. Tariffs could drive up the cost of up to 836 cars that are to be assembled at a factory at 135th and Torrence because some of the material and parts for the trains will be imported from China.

The other development came late last week when the House Appropriations Committee voted to include in a transportation funding bill a ban on purchasing rail cars from entities owned, directed or operated by China.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE