Streams

High-Speed Rail Gutted in Spending Deal

Tuesday, April 12, 2011 - 09:30 AM

(Washington, DC -- Todd Zwillich, Transportation Nation) It's been a bad week for some of President Obama's cherished domestic programs, but perhaps for none more so than high speed rail.

(Read an updated post HERE.)

Details of the nearly six-month spending deal that kept the government from shutting down came out overnight. They contain a whopping $2.9 billion cut for high-speed rail projects. Keep in mind the one-week spending bill used to buy time for the bill-writers on Capitol Hill cut another $1.5 billion from the program immediately.

You can do the math yourself, but that's a staggering $4.4 billion cut to high speed rail in the span of four days. And it means the project won't be funded at all this year. More details as they emerge.

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