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Obama's $53 billion high-speed rail pledge could fund huge chunk of California's project

The White House on Tuesday announced plans to spend $53 billion over the next six years to build high-speed railroads, bringing California's massive bullet train project closer to reality.

Should the plan -- one of President Barack Obama's signature job-creation initiatives -- go through, California would be in line for the biggest chunk of funding. That money would fuel the state's $43 billion bullet train project -- its biggest public works undertaking in a generation, and one that has been called both California's most promising and most wasteful endeavor.

The full story appears on the San Jose Mercury News website.

Wednesday, February 9, 2011

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