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Marketplace Morning Report

High-speed rail plans in California suffer setback

Ben Bradford Feb 15, 2019
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Gov. Gavin Newsom announced California does not have the $100 billion to fully build out the project.
Kevork Djansezian/Getty Images

California will not pursue a high-speed rail line between San Francisco and Los Angeles after more than a decade of delays, rising costs and lawsuits. Gov. Gavin Newsom announced this week the state does not have the $100 billion to fully build out the project. It’s the latest setback for high-speed rail in the United States after more than a half century of attempts to build around the country. Why has the U.S. struggled to build the high-speed lines that are successful in Europe and Japan?

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