Federal aid improves US mass transit prospects; barriers to gender equality weigh on public finance

Moody's Talks - Muniland

Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. Plus, Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market.

Inside this episode:

• Baye Larsen and Ken Kurtz of the US Public Finance team discuss how federal aid is buoying mass transit, but that a new normal awaits, with sector-wide ridership settling in below pre-pandemic levels. (begins at 1:25)
• Val Gomez and Marcia Van Wagner explain how the pandemic has slowed progress toward gender equality in the labor force with implications for tax revenue and the housing market. (begins at 11:54)

Related content:

• Mass Transit – US Outlook improves to stable with substantial federal aid and likely rebound in tax revenue - Federal assistance for transit in the 2021 American Rescue Plan Act will offset operating losses driven by low ridership and weak tax collections.
• Public Finance – US: Covid's hit to women's employment poses economic, social risks across public finance - The pandemic has slowed trends toward gender equality, eroding gains in women's earning potential. The economic and social risks to public finance vary but are credit negative overall.

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