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Budget Deal Deeply Cuts High-Speed Rail Program
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The future of high speed rail in the U.S. is uncertain. Only $10 billion was approved for high speed rail upto now, and this money was spread over projects throughout the country. $8 billion was in the original stimuls program and $2.5 billion was aprroved for 2010. Additional money will be needed to complete projects that are planned. The new 2011 budget deal agreed to between Republicans and the President shows no money in 2011 allocated for high speed rail. One section of the bill calls for taking $400 million out of the $2.5 billion approved in 2010.
Rail and Mass transit systems in a world of $5 gasoline
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As gasoline prices reach $5 a gallon rail and mass transit take on new life and users tax systems that need new investment.
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