First, Lieber said it could spook bond buyers in red states, like Florida and Texas, where tolling programs depend on the same kind of federal approval congestion pricing does. “If the bondholders think that this might be taken apart on a moment’s notice,

The head of the MTA said he remained optimistic that President Donald Trump would not repeal New York’s congestion pricing program, even as the new president had conversations with Gov. Kathy Hochul in recent days about the plan’s future.

New York City’s congestion pricing program has been in effect for nearly a month, charging drivers $9 to enter Manhattan south of 60th Street. While some residents say traffic has improved, the Trump administration is reportedly considering pulling federal approval for the tolling plan.