Obama to call for $53B for high-speed rail

Obama to call for $53B for high-speed rail

JULIE PACE, Associated Press

WASHINGTON (AP) — President Barack Obama is calling for a six-year, $53 billion spending plan for high-speed rail, as he seeks to use infrastructure spending to jump-start job creation.

An initial $8 billion in spending will be part of the budget plan Obama is set to release Monday. If Congress approves the plan, the money would go toward developing or improving trains that travel up to 250 mph, and connecting existing rail lines to new projects. The White House wouldn't say where the money for the rest of the program...