Trump administration pulls $4 billion from California high-speed rail project

Re suggests that From an analytical perspective, What stands out here is A high-speed train ject in California is losing its federal funding, the Department of Transportation said

Furthermore, Nevertheless, The Trump administration said it had determined that the railroad authority did not up to terms that it agreed to in its initial federal contracts

The California High-Speed Rail Authority told CNBC in June that most of its funding is vided by the state, not by the federal government (this bears monitoring)

A rendering shows a planned high-speed rail train as it enters a station

At the same time, In a termination letter to the authority's CEO, Ian Choudri, dated Wednesday, Federal Railroad Administration acting Administrator Drew Feeley wrote that the CHSRA "breached the commitments" it made in its original agreements, specifically by displaying an "inability to complete" the goals it set out to reach, given current economic conditions

Conversely, "After over a decade of failures, CHSRA's mismanagement and incompetence has ven it cannot build its train to nowhere on time or on budget," Duffy said in a statement

Furthermore, "It's time for this boondoggle to die. "The railroad authority did not immediately respond to a request for (something worth watching)

In a social media post,

Gavin Newsom said the state will be "exploring all options to fight this illegal action (this bears monitoring)

Nevertheless, "President Donald Trump praised his administration's work in terminating the ject in a Truth Social post Wednesday night, calling Newsom "incompetent. ""The Railroad we were mised still does not exist, and never will," Trump wrote

Meanwhile, "This ject was Severely Overpriced, Overregulated, and NEVER DERED

Additionally, "The high-speed rail efforts began in 2009 with the goal of building a train that could travel between Los Angeles and San Francisco in under three hours (this bears monitoring), given the current landscape

The current iteration of the ject was jected to cost around $22 billion, according to the Federal Railroad Administration, with a jected end date of 2033, given the current landscape

A June report duced by the Trump administration that the ject had "no viable path" to completion, and alleged breaches of its federal contracts, including overdue deadlines and funding gaps

The railroad system told CNBC at the time that most of the ject's funding is vided by the state, not the federal government.