Philadelphia leaders are holding a press conference calling on lawmakers to reach a deal to provide funding for SEPTA. Watch LIVE in the video embedded above on Wednesday, Sept. 3, starting at 3 p.m.

Is SEPTA truly facing a fiscal crisis or are the mass transit provider's executives sitting on cash that could help SEPTA avoid ongoing service cuts altogether?

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That's what a hearing that begins on Thursday will attempt to determine.

The hearing on Sept. 4 will revolve around a lawsuit that was filed by the law firm of Bochetto & Lentz , and calls for SEPTA to undo the recent service cuts on behalf of a trio of Philadelphians.

The lawsuit accuses SEPTA of "using the safety and economic well-being of an e

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