Deficit could mean loss of high speed rail funding


Republican congressional leaders are wasting no time fulfilling their promise to slash public spending. The Contra Costa Times reports that $2 billion in stimulus funds promised to the high speed rail project are about to get yanked.

Last week a Southern California congressman introduced the American Recovery and Reinvestment Recession Act. It would return $12 billion in unspent stimulus money to the feds to help reduce the deficit.

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