The tiff over New York City’s congestion pricing
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 February 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
The Trump administration has waded into a controversial policy in New York that charges tolls for most passenger cars entering certain parts of Manhattan, also known as congestion pricing. The Secretary of Transportation has sent a letter to New York’s governor saying that the administration is revoking federal approval. We’ll hear more. Also, we’ll unpack Walmart’s quarter earnings release and learn how one California company is electrifying older diesel trucks.
Transcript
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| 0:00.0 | The president is fighting New York over tolls. |
| 0:05.0 | From Marketplace, I'm Sabri Beneshore, in for David Brancaccio. |
| 0:08.0 | The Trump administration has waded into a controversial policy in New York, not even two months old, of charging tolls for most passenger cars entering certain parts of Manhattan. |
| 0:18.0 | Secretary of Transportation, Sean Duffy sent a letter on Wednesday to New York, |
| 0:21.9 | Governor Kathy Hokel, informing her that the administration is revoking federal approval |
| 0:26.9 | for these tolls known as congestion pricing. |
| 0:29.7 | In response, Governor Hockel has said that she will not end the tolling program until |
| 0:33.7 | court tells her to. |
| 0:34.8 | Marketplaces Samantha Fields has more from New York. |
| 0:38.1 | New York became the first city in the country to implement congestion pricing in January. |
| 0:42.5 | Anyone who drives into Midtown or Lower Manhattan now has to pay a toll. |
| 0:46.5 | $9 for most cars during peak times. |
| 0:49.0 | More for trucks. |
| 0:50.5 | That money is set to fund much-needed repairs to the MTA, the city's public transit system. |
| 0:55.9 | Since congestion pricing went into effect, the MTA says there's already less traffic. |
| 1:00.3 | And recent polling shows about 60% of New Yorkers think the program should remain in place. |
| 1:05.2 | But President Donald Trump says he's concerned it's posing significant burdens to city businesses, |
| 1:10.0 | commuters, and residents. |
| 1:11.6 | The MTA says it's already filed papers in federal court to try to keep congestion pricing in place. |
| 1:17.1 | In New York, I'm Samantha Fields for Marketplace. |
| 1:20.6 | Walmart released its latest quarterly earnings report earlier this hour. |
| 1:24.8 | It says revenues and digital sales are up as higher food prices drive shoppers to look for bargains. |
... |
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