California High-Speed Rail Project Faces Cash Shortage by 2027
California's high-speed rail project is at risk of running out of money by December 2027, according to a warning from the project's Inspector General. The project has cut its train order in half, dropped the 'Buy America' requirement, and still has no train contract. The $4 billion federal funding loss leaves the project needing billions in financing within 16 months.5 sourcesSee all sources