The panel “The Big Money Show” discusses President Donald Trump’s determination to tug the plug on the California excessive -speed railway venture after 16 years to not throw a observe.
Transport secretary Sean Duffy ended $ 4 billion in federal funding not spent on the California excessive -speed railway venture on Wednesday, citing about $ 15 billion spent with out a single excessive -speed observe.
The whole value of the venture, estimated at round $ 135 billion, might purchase all of the residents of San Francisco and Los Angeles virtually 200 spherical -trip flights between the 2 cities of California, in accordance with an announcement Wednesday of the United States Transport Department.
“For residents respectful of the regulation, tax cost and laborious of the United States of America, I’m excited to announce that I formally freed you from the financing of a disastrous practice of California,” excessive -speed practice to nothing “, wrote President Donald Trump on Truth Social Wednesday.
Trump Admin pulsates the $ 4B venture for the “Train to Nowhere” venture by California
Transport secretary Sean Duffy ended $ 4 billion in federal funding not spent on the California excessive -speed railway venture on Wednesday. (David Paul Morris / Bloomberg through Getty Images / Getty Images)
The governor of California Gavin Newsom has outlined the transfer to cease unlawful federal funding and greeted the progress of the venture.
“This arrives when the venture enters the observe section, is actively constructing via 171 miles, has constructed greater than 50 vital railway structures-which bridges, overpass and viaducts-and accomplished over 60 miles of driving,” says a press launch from the Newsom Office.
Last month, Duffy revealed a 300 pages report carried out by the Federal Railroad Administration that examined the venture. He has discovered missed deadlines, delays, unhealthy administration, waste, stars prices, finances deficiencies and overpressing of the deliberate route.
The conservative group asks to cease the federal funding of the California excessive -speed railway
The report additionally states that there’s a financing hole of $ 7 billion to finish a subset of the primary section within the central valley from Merced to Bakersfield, often called the primary operational section (EOS).
The California excessive -speed railway venture was initially propagated as a two -phase system that connects Los Angeles to San Francisco and, later, to the north of Sacramento and south in San Diego. Since then, the imprint of the venture has been considerably decreased from a section of 800 miles to a section of 171 miles.
The governor of California Gavin Newsom has outlined the transfer to cease unlawful federal funding and greeted the progress of the venture. (David Paul Morris / Bloomberg through Getty Images / Getty Images)
Chronology:
1981: California works with Japanese companions to discover the feasibility of a excessive -speed railway hall in southern California.
1996: The California excessive -speed intercity railway fee decides that it’s potential to construct a excessive -speed railway. The state legislator creates the California excessive -speed railway authority to oversee the railway venture.
2008: California voters approve proposal 1A, allocating $ 9 billion to the California excessive -speed railway authority for planning and building of the railway.
2015: California organizes an official revolutionary ceremony in Fresno to mark the beginning of the development of the primary section of 29 miles of the railway.
2019: The Trump administration introduced that the choices to recuperate $ 2.5 billion of federal funds spent in California on the railway and which supposed to cancel $ 928 million in federal subsidies not but paid for the venture.
Sec Duffy to analyze the lengthy -term excessive pace railway venture of La: “Who bought the cash?”
2023: The Biden administration sends virtually 3.1 billion {dollars} to Federal funds to California for taxpayers for prime -speed railway.
February 2024: The first building bundle of the venture, which covers 22.5 miles in Central Valley, reaches the “substantial completion”.
June 2024: The 38 miles section from Palmdale-to-burbank of the railway is ecological.
Last month, Duffy revealed a 300 pages report carried out by the Federal Railroad Administration that examined the venture. (Chris Kleponis/CNP/Bloomberg/Getty Images)
January 2025: Newsom is mixed with native leaders to commemorate the beginning of the Railhead venture of the California excessive -speed railway authority, which in accordance with them is step one for the observe.
February 2025: President Trump asks for an audit of the California excessive -speed railway venture.
June 2025: Transport secretary Sean Duffy releases a relationship of violence that exposes what he says is an unattainable excessive -speed railway venture.
July 2025: Duffy broadcasts the decision of $ 4 billion in federal funding not spent by the Federal Railroad Administration for the venture.
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The Newsom workplace and the California excessive -speed railway authority didn’t instantly reply to Fox Business’ commentary request.
Stepheny Price of Fox News Digital and Michael Dorgan have contributed to this relationship.
