CTA Facing Another Budget Crisis: Report

03/19/2009 05:12 am ET | Updated May 25, 2011

The sinking economy is driving Chicago-area mass-transit agencies into the ground, according to new data marking a quick return to budget crises.

The new numbers are so bleak that the "doomsday" service cuts and fare increases threatened more than a year ago appear mild in comparison to the sweeping measures that would be needed to fill gaping budget holes the Chicago Transit Authority, Metra and Pace are facing.

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