kfiam640
Jul 17
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The Trump administration has withdrawn approximately $4 billion in federal funding for California's high-speed rail project. The decision, announced by U.S. Transportation Secretary Sean Duffy, follows a previous warning from the administration. President Donald Trump criticized the project on Truth Social, calling it a "train to nowhere" and claiming it was "severely overpriced, overregulated, and never delivered."
The federal funding constituted less than a quarter of the project's total budget, with the remainder coming from state sources, including a voter-approved bond and California's cap-and-trade program. The project, approved by voters in 2008, has faced escalating costs and delays.
California High-Speed Rail Authority officials argue that the federal funding revocation is unwarranted and illegal, asserting that they have fulfilled their obligations.
California Governor Gavin Newsom criticized the funding withdrawal, vowing to explore all options to contest the decision. #iheartradio
kfiam640
Jul 17
564
1.03%
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