Public transit officials in cities across the country are pleading for federal help, as many brace for steep budget cuts in response to financial crises brought on by the coronavirus pandemic.
Why it matters: Transit agencieshave seen ridership and fare revenues plummet since the beginning of the pandemic. With no help from Congress yet in sight, some "have started to outline doomsday service plans that would take effect next year," writes the New York Times.
The majority of Tesla's leadership is white and male, according to the company's first ever diversity report, released late Friday.
Why it matters: Recent research suggests that diverse leadership leads to increased and better innovation and improved financial performance, per the Harvard Business Review and the Boston Consulting Group.
The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.
The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.
The Trump administration is extending federal student loan relief, which includes a pause on payments and interest accrual, through Jan. 31, the Department of Education announced Friday.
Why it matters: Payments have been paused since March due to the coronavirus pandemic, but the relief was set to expire on Dec. 31 . The relief measures, which also include the suspension of collections of defaulted federal student loans, have helped mitigate some of the pandemic's negative consequences for millions of borrowers.
