California high-speed rail project takes financial hit
The fortunes of California’s high-speed rail project, which would connect Southern California to the Bay Area with a 220-mph train, took a big financial hit Thursday afternoon when a congressional panel slashed the Federal Railroad Administration budget.
The Obama administration had asked for $8 billion for fiscal 2012 for high-speed rail projects and other passenger rail programs around the country. But the House Appropriations Subcommittee on Transportation, Housing and Urban Development cut the request by nearly $7 billion, leaving money only to operate Amtrak and some smaller programs.
House Republican leaders had signaled before the session that they would not support any request for additional high-speed rail outlays. They cited pressure to cut spending and argued such projects don’t make economic sense.
Rep. David Price (D-N.C.) proposed an amendment to fund the high-speed rail program with $1 billion, but it was voted down. The funding bill has to be approved by the entire Appropriations Committee and the full House. The Senate has not yet taken up rail funding.
Must-read stories from the L.A. Times
Get the day's top news with our Today's Headlines newsletter, sent every weekday morning.
You may occasionally receive promotional content from the Los Angeles Times.