Derailed: Pols slam Senate Democrats' scaled-down MTA bailout plan

By Ken Lovett, Glenn Blain and Pete Donohue

Senate Majority Leader Malcolm Smith's universally panned MTA bailout appears dead on arrival - leaving riders closer to sky-high fare hikes and service cuts.

Not only did the Democratic governor and Assembly speaker blast the stop-gap plan Tuesday, but the head of the Senate Finance Committee rejected it, too.

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