Getting your player ready...
PHILADELPHIA — The Obama administration wants to invest $53 billion in high-speed and intercity rail service in the next six years, expanding a signature transportation initiative it already has targeted with $10.5 billion.
The plan for a vast high- speed-rail network was cast by the administration as vital to keeping the U.S. competitive with world markets that use the technology.
Vice President Joe Biden and Transportation Secretary Ray LaHood revealed the plan Tuesday in 30th Street Station. Obama’s fiscal 2012 budget, which will be sent to Congress next week, includes $8 billion for the plan.
