High-speed rail projects facing massive cuts
The Republican Study Committee has outlined $2.5 trillion in spending cuts over the next 10 years, and rail projects – ranging from Amtrak subsidies to high-speed rail grants – are on the chopping block. How these proposed cuts are going to affect California's planned high-speed rail system, set to connect Sacramento, San Francisco, Los Angeles and Sacramento, remains to be seen, but with only $4 billion in federal funding secured and another $38 billion to go (at least), the chances of the program receiving any more cash in the next two years is unlikely.
[Source: SFGate | Image: Wikipedia]
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