Trump administration withdraws $4 billion from California high-speed rail project

1 min read
Source: CNBC
Trump administration withdraws $4 billion from California high-speed rail project
Photo: CNBC
TL;DR Summary

The Biden administration has officially terminated $4 billion in federal funding for California's high-speed rail project, citing breaches of commitments and mismanagement, with California officials planning to challenge the decision and President Trump praising the move as a failure of the project.

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