MTA CEO Pat Foye on need for federal funding to avoid financial crisis

From planes to trains, the Metropolitan Transportation Authority — also known as the MTA — has released their 2021 budget and things are looking grim. Officials with the MTA are saying that without federal assistance, transit agencies across the country will face devastating layoffs and cuts, impacting the national economy. Pat Foye, chairman and CEO of the MTA, joins "Squawk Box" to discuss.