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Amtrak seeks loan to cover operating costs
The Washington Post reports Amtrak faces its deepest cash crunch in 30 years. Departments officials say a $300 million loan may be secured using Penn Station in New York as collateral to last until October, with a consortium of lenders arranging financing and a federal lien under consideration.
MENTIONED IN THIS ARTICLE
Washington
Amtrak
White House
Pennsylvania
New York
Transportation Department
Congress
Transportation
Norman Mineta
Mineta
Penn Station
New York-Washington Northeast Corridor