Amtrak tells Congress it needs $4.9B bailout to avoid service cuts, layoffs – Fox Business
Amtrak says it needs $4.9 billion from the federal government to avoid maintenance and jobs cuts.
The request — formalized in a letter to Senate and Congressional leadership on Thursday — is nearly $3 billion more than the company anticipated asking from the feds in February, before the COVID-19 pandemic decimated ridership.
Business stands at about 25 percent pre-pandemic levels, Amtrak said. The railroad expects it to increase to just 40 percent in the current fiscal year, which began on Oct…