California’s bullet train barreling toward financial cliff as cash could run dry in 2027

California’s bullet train could have a new end point: Brokeville, USA. The state’s beleaguered high-speed rail line is once again careening toward a financial cliff, as a new report — delivered last month to Gov. Gavin Newsom and legislators — says the project could run out of cash by the end of next year. Gov....

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.