Feds pull $4B from California high-speed train project

The Trump administration revoked federal funding for California's high-speed rail project on Wednesday, intensifying uncertainty about how the state will make good on its long-delayed promise of building a bullet train to shuttle riders between San Francisco and Los Angeles.

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The US Transportation Department announced it was pulling back $4 billion in funding for the project, weeks after signaling it would do so.

Overall, a little less than a quarter of the project's funding has come from the federal government. The rest has come from the state, mainly through a voter-approved bond and money from its cap-and-trade programme.