California high-speed rail update: Still broke

The inspector general for California‘s high-speed rail project has an update: The project is going broke (again), is being delayed (again), and is not being transparent with the public (again). Benjamin Belnap’s report highlighted several missing details in the project’s 2026 business plan and concluded that the projec

The watchdog's review warns the $4 billion federal funding loss now leaves the project needing billions in financing within 16 months — as the rail authority acknowledges for the first time that it still has no train contract, has cut its order from six trains to three, and has dropped the "Buy America" requirement.