Trump’s first 100 days: all the news affecting the tech industry
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This isn’t much of a shock, considering Trump has been loudly considering this for weeks. But today, the Federal Highway Administration made it official by rescinding its approval for congestion pricing in New York City. Interestingly, one of reasons given for cancelling the toll was that the price was “set primarily to raise revenue for transit, rather than at an amount needed to reduce congestion.” (You’ll remember NY Gov. Kathy Hochul tweaked the price before its launch.) Data has shown that congestion pricing is succeeding in both aspects, raising needed cash for transit and discouraging drivers from entering congested Manhattan. Anyway, this seems like yet another Trump thing headed for the courts.
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