Back to today’s briefing

Story perspectives

Trump Cuts Federal Funds for California's Costly Rail Project

5/7/2025

43 4

Summary

Story summary

President Trump has declared that the federal government will withdraw funding for California's high-speed rail project, pointing to staggering cost overruns. What began as a $33 billion initiative has ballooned to over $100 billion, with completion pushed to 2033. As Trump labeled the project "totally out of control," California officials scramble for private funding to fill the financial void.

1 of 1

Story summary

President Trump has declared that the federal government will withdraw funding for California's high-speed rail project, pointing to staggering cost overruns. What began as a $33 billion initiative has ballooned to over $100 billion, with completion pushed to 2033. As Trump labeled the project "totally out of control," California officials scramble for private funding to fill the financial void.