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Budget shortfalls mean rethinking mass transit funding and strategies

Jan 4, 2021
One way to keep money and transit service moving is to rely more on local taxes and tolls and less on fares.
Washington, D.C.'s Metro rail ridership is down about 86% from 2019. Above, commuters step in and out of a train at the Metro Center station on Dec. 2 in Washington.
Chip Somodevilla/Getty Images

Peregrine Financial Group to liquidate under Chapter 7

Jul 11, 2012
Last night, Peregrine Financial filed to liquidate under Chapter 7 of the bankruptcy code, amid accusations from federal regulators that Peregrine defrauded customers and hid losses.