
The Trump administration has decided to withdraw $4 billion in federal funding from California’s high-speed rail project, citing excessive costs and unmet promises.
What Happened: President Donald Trump announced via his Truth Social account on Wednesday that the U.S. Department of Transportation is retracting the $4 billion in government funding allocated for California’s high-speed rail project. Trump criticized the project as being “severely overpriced, overregulated, and never delivered.”