The Trump administration has decided to withdraw $4 billion in federal funding from California's high-speed rail project.

President Donald Trump announced on Wednesday he was cutting billions in federal funding for the construction of a high-speed rail line in California.

The project, which aims to link Los Angeles and San Francisco, has been beset by rising costs and delays. Gov. Gavin Newsom called the pulling of funds “illegal.” ...

California Governor Gavin Newsom condemned the Trump administration's decision, saying the state is "putting all options on the table" to challenge the "illegal" decision.

In addition to terminating the funding, U.S. Transportation Secretary Sean P. Duffy directed the Federal Railroad Administration to review other grants related to the project.

The Trump administration revokes billions in federal funding for California's high-speed rail project, amid a deepening row ...

Trump cancels $4 billion in federal funding, impacting the future of California High-Speed Rail and its potential benefits ...

The Trump administration has revoked $4 billion in federal funding for California's long-delayed high speed rail project. The move comes weeks after the Federal Railroad Administration said the state ...

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Government-backed infrastructure spending is also providing a major tailwind for the industry. Proposed projects such as the proposed California high-speed rail and the Las Vegas Convention Center ...

Underground Mapping Innovator Doubles Valuation Based on Global Demand From Utility, Transportation and Infrastructure ...

Existing investors 10D VC, SquarePeg and JIBE also participated, alongside new investors Vintage Partners and Leblon Capital.