Lame-Duck Obama Admin Rejects CA High-Speed Rail $15 Billion Loanhttps://t.co/K2EoKrrQXK
— All American Girl (@AIIAmericanGirI) December 26, 2016
The California High-Speed Rail Authority came up empty when it asked the outgoing administration of President Barack Obama for a $15 billion loan, the Los Angeles Times reports.
State officials feared that with Republican Donald J. Trump taking office — somewhat unexpectedly — in January, and perhaps cutting off funding to the struggling project, which has never had a clear idea of how it would be financed, they would appeal to the Obama administration for a financial break.
