(Just The News)—California’s senators have sent a letter to U.S. Transportation Secretary Pete Buttigieg requesting last-minute federal funding for the state’s high-speed rail project before the Trump administration takes office in January.
This move comes amid concerns that the incoming administration might pull federal funding from the now $135 billion project, and use California as a national example for redirecting federal funds from Democratic priorities.
Once complete, the project is supposed to carry passengers from San Francisco to Los Angeles in under three hours, with one-way tickets priced at $86. It’s unclear how competitive this will be with air travel; one-way flights booked more than two weeks in advance currently cost $59 on Southwest, which includes two checked bags.
The Department of Government Efficiency (DOGE), proposed by the incoming Trump administration, aims to reduce what it views as wasteful government spending, recently spotlighted the project, and Congressmen Kevin Kiley, R-California, announced his bill to eliminate federal funding for the endeavor. Amid the state’s financial foes, a pause or withdrawal of federal funding could leave the state with no choice but to put the project on hold.
During the spring, the California High Speed Rail Authority requested the use of state rainy day funding to plug the $8 billion to $10 billion funding shortfall for the system’s initial $30 billion to $33 billion, 171-mile segment connecting the cities of Bakersfield and Merced in the relatively sparsely populated Central Valley.
But with the state’s legislative analyst now finding the state has “no capacity” for new spending and projecting annual deficits will soon rise to $30 billion, enhanced state support for the project is unlikely, leaving federal funding as the only option to fill the gap.
The letter, signed by Sens. Alex Padilla and Adam Schiff, and Reps. Pete Aguilar, Zoe Lofgren, and Jim Costa, requests an additional $536 million to join $134 million in state funds to complete a 30%, or preliminary, design of one tunnel in Southern California and one tunnel in Northern California. The letter also recounted the federal government’s existing $6.8 billion in support for the project, and $22 billion from California for the project thus far.
“By preparing for future final design and construction of complex tunnels in this corridor, the Project will advance both state and federal goals to improve safety, expand economic strength and global competitiveness, address equity issues, and implement sustainability practices to confront climate change,” wrote the federal legislators. “These investments will continue to support living wage jobs, provide small business opportunities, and equitably enhance the mobility of communities in need – including disadvantaged agricultural communities – all while reducing greenhouse gas emissions.”
In 2012, the state legislative analyst’s office found the bullet train would increase overall greenhouse gas emissions for the first 30 years of its operation, putting the project’s emissions impact — and state funding based on emissions reductions — into question.
Kiley, who is aiming to pass a bill in Congress ending federal support for the project, said even if a grant is approved, he hopes to keep that money away from California’s bullet train.
- Concerned about your life’s savings as the multiple challenges decimate retirement accounts? You’re not alone. Find out how Genesis Precious Metals can help you secure your wealth with a proper self-directed IRA backed by physical precious metals.
“A small group of CA Democrats is asking Biden to send even more money for High-Speed Rail … before Congress can pass my bill to deny further funding,” said Kiley on X. “If Biden complies, we will make sure that the grant is promptly revoked.”
Because U.S. Congress holds “power of the purse,” Kiley’s bill could allow the federal government to withhold any further funding from the project – even spending that is already approved.
However, it’s less clear whether the Trump administration could unilaterally halt funding. As a discretionary grant under the Department of Transportation, such a decision might fall within its authority, but political and legal challenges could arise.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Kamala Harris Says the American Dream Is “Gone”
by Modernity News
During a pre recorded interview, Kamala Harris once again failed to deliver any substantive outline of her policies, primarily attacking Donald Trump’s outlook and his first term in office. At one point when speaking about the economy, Harris appeared to suggest, in stark contrast to Trump, that the American Dream…
Gold Price Forecasts Skyrocket Following Moves by China and the Fed
by Sponsored Post
With the Federal Reserve beginning what most expect to be a sustained easing cycle, momentum continues to rise for gold and silver. Values have been steadily rising and the newest forecasts point to even more gains down the road. At the end of September, BMO Capital Markets published updated commodity…
Taxes and Tariffs and Trade: Oh My! Trump’s Plan to Bolster the Economy
by Just The News
In a bid to build a broader coalition, former President Donald Trump has outlined a vision of tax cuts, import tariffs, and “reciprocal trade” to preserve and restore American industries. Since coming down the escalator of Trump Tower in 2015, the Republican standard bearer has espoused unconventional trade policies and…
Expert Testimony: Mass Immigration Under Biden-Harris Is Driving Up Rents for Americans
by Breitbart
The arrival of millions of foreign nationals, many of whom are illegal aliens, under President Joe Biden and Vice President Kamala Harris is helping to drive up rents for working- and middle-class Americans, an expert witness told Congress Wednesday. Center for Immigration Studies Director of Research Steven Camarota told the…
This Year Marks First Since 1958 That Us Held No Oil and Gas Lease Sales
by Just The News
This year will be the first year since 1958 that the Bureau of Ocean Energy Management held no offshore oil and gas lease sales. Energy expert Alex Epstein, author of “Fossil Future,” argued at a recent House Budget Committee hearing the United States’ record-high oil production is in spite of…
Kamala’s Devastating Middle Class Taxes
by Independent Sentinel
With the election coming up, the IRS plans to reduce our taxes for 2025. it’s a common tactic to make it seem like they won’t tax us into oblivion once they return to office. CBS News: Some Americans could see lower federal income taxes in 2025 due to an annual…
Congress Passes Stop-Gap Spending Bill After Failed Mike Johnson Gambit
by Breitbart
Congress on Wednesday passed legislation that would fund the government through nearly the end of December. The House and the Senate passed a stop-gap spending bill that would push the government spending deadline to December 20. The measure, otherwise known as a continuing resolution (CR), keeps federal spending the same….
A ‘Bipartisan’ Bar Tried to Open in DC, Then Libs Cried That an Elephant Image Was ‘Hurtful.’
by The National Pulse
A new bar in Washington, D.C., whose political theme focused on bipartisan agreement and debate, succumbed to partisan pressure before the establishment could even serve its first drink. Originally billed as Political Pattie’s, the bar was flooded with complaints by liberals who said the establishment’s logo—specifically the Republican Elephant—was offensive…
Newsom Signs Bill Requiring Janitors to Take $200 Sexual Harassment Training
by Just The News
California Gov. Gavin Newsom signed a bill requiring companies that hire janitors to make sure janitors take sexual assault training every other year, and pay $200 per participant for sessions with under 10 janitors present, and $8 for sessions with 10 or more janitors. The bill also requires the government…
Biden-Harris Regime Prepares Another $8 Billion in Military Aid for Ukraine During Zelensky’s Washington Visit
by The Gateway Pundit
The Biden-Harris regime is once again prioritizing foreign interests over the well-being of American citizens, with plans to announce an eye-watering $8 billion in military aid for Ukraine during Ukrainian President Volodymyr Zelensky’s visit to Washington. This massive giveaway comes as Americans continue to face economic hardships, skyrocketing inflation, and…
‘Economic Dystopia:’ Silicon Valley Tycoon Predicts AI Will Take Over 80% of All Work
by Breitbart
Vinod Khosla, legendary Silicon Valley investor and entrepreneur, has predicted that AI will replace the majority of work in most jobs, necessitating the implementation of universal basic income (UBI) to prevent economic instability and inequity. Fortune reports that in a recent blog post, Vinod Khosla, the billionaire co-founder of Sun…