New York City taxi drivers and their supporters celebrated late Wednesday after their two-week hunger strike forced policymakers to reach an agreement offering significant debt relief to thousands of drivers who have been affected by the city’s taxi medallion debt crisis. On the 15th day of the hunger strike outside City Hall, Sen. Chuck Schumer (D-N.Y.) brokered a deal with Mayor Bill de Blasio which will cap the debts owed by taxi drivers at $170,000 and monthly payments at $1,100—a life-changing reduction for drivers who owe an average of about $600,000 in medallion loans.
— source commondreams.org | Nov 4, 2021