President Trump declared that the U.S. government would not finance California's high-speed rail project, heightening fears over the initiative's federal funding stability. During a press conference, he criticized the project's major cost overruns and reiterated that the government would not support it financially. This comes as the California High-Speed Rail Authority's CEO expressed hope for continued federal partnership, despite the authority facing financial uncertainties. The project, initially aimed at connecting LA and San Francisco by 2020, has faced numerous challenges since voters approved its funding 17 years ago.
That train is the worst cost overrun I've ever seen. It's, like, totally out of control.
Obviously, we are in trouble.
My hope is that the federal partnership continues.
This government is not going to pay for that thing.
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