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Feds lift restrictions on some Metro funds

By Max Smith

WASHINGTON — Metro’s money will flow a little easier now. 

The Federal Transit Administration said Thursday Metro has met financial management oversight requirements after major problems were identified nearly three years ago. This means Metro can now get cash from some of its recent grants upfront — instead of borrowing money until the agency showed federal inspectors its receipts.

The restricted drawdown was meant to protect taxpayers from money going out the window.

Including an on-time, clean audit this year, the FTA says Metro has made progress on all grants awarded since July 2015.

Metro still has more work to do to remove restrictions on grants awarded before that date, the FTA said.

Coolest cars for summer: SUVs

By John Aaron
While convertibles are the stars of summer, SUVs are the workhorses. Their tasks are endless, from trips to the beach to Home Depot or to socially-distanced gatherings. It’s hard to shake up the jam-packed SUV market, but Hyundai managed to do so with the Palisade, as an extreme value play. It seats up to eight, can be equipped with almost every luxury touch and competes with SUVs costing thousands (or tens of thousands) more.
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