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Derailed? Feds plan to cancel nearly $1B for California's high-speed rail project

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Derailed? Feds plan to cancel nearly $1B for California's high-speed rail projectFederal Railroad Administrator Ronald Batory wrote Tuesday to state officials that the administration was canceling its grant agreement with the California High-Speed Rail Authority, and halting $928.6 million in future grant payments it was expected to make to fund the project through 2022.

Source: Yahoo.com