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Amtrak funding slashed in half under Trump spending plan

(Source: Fortune, February 13, 2018)

President Donald Trumpís spending plan released Monday proposes slashing the federal subsidy for Amtrak passenger rail service by nearly half. The proposal for Amtrak funding would drop from $1.495 billion to $738 million in the fiscal year that begins Oct. 1. Itís just one tiny piece of Trumpís $4.4 trillion fiscal 2019 budget that would increase spending for border security and the military and cut federal programs like Medicare.

Full story: www.fortune.com

Tuesday, February 13, 2018

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