Doomsday Averted, For Now

Breaking news: No Doomsday! (...until January maybe.) Blago offered $27 million grant to keep the CTA and Pace functioning at their current levels, and even though transit officials had said they wouldn't accept short-term solutions, CBS2 is reporting that Mayor Daley did.

More as it happens. Also, what's that story about a little boy crying some animal? Coyote? Dingo? The boy who cried...panther? It's on the tip of our tongue...

UPDATE Looks like we have to wait for the Federal Transit Administration to approve the deal. According to Carole Brown, "FTA policy is not to allow the amending of those [capital] grants. FTA is gonna have to adjust their policy to allow us to do that." And it's $21 million, not $27, according to the latest reports.

ANOTHER UPDATE The FTA said yes. It's $21 million to the CTA and $6 million to Pace.

The wheels on Thee Erin's bus will continue to go round and round