Ready, set, borrow.

On Wednesday, the MTA will move a step closer to going another $2.9 billion in debt, as the MTA Board is expected to approve a resolution that would allow the agency to borrow the maximum amount from the Federal Reserve's Municipal Liquidity Facility, which supports state and local governments and public authorities.

Advocates, who typically fear such big debt, are OK with the latest move because it doesn't look like any real money is coming from Washington any time soon.