NYC transit fare hike: Another tiny blow to the US economy

It's just a regional data point, but one with that exemplifies the small but significant contraction forces acting on the U.S. economy.

The Metropolitan Transit Authority, the agency that runs the City of New York's subways, as well as commuter railroads, and selected bridges and tunnels, approved a fare and toll increases averaging about 10 percent. Subway fares will increase on June 28, commuter rail fares on June 17.