US sees no viable path for California High-Speed Rail project, may rescind $4 billion

WASHINGTON (Reuters) -The Trump administration said Wednesday there is no viable path forward for California's High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks. The U.S. Transportation Department released a 315-page report from the Federal Railroad Administration that cited missed deadlines, budget shortfalls and questionable ridership projections. One key issue cited is that California has not identified $7 billion in additional funding needed to build an initial segment between Merced and Bakersfield, California.