President Donald Trump has maintained his opposition to congestion pricing in New York and has spoken to Gov. Kathy Hochul (D-NY) twice in the past week about it. Hochul wants to keep the program, which has resulted in 1 million fewer vehicles entering the congested spots in Manhattan since its start on Jan.

First, Lieber said it could spook bond buyers in red states, like Florida and Texas, where tolling programs depend on the same kind of federal approval congestion pricing does. “If the bondholders think that this might be taken apart on a moment’s notice,