December 22, 2014

Amtrak seeks $2.1B for improvements

Amtrak, the U.S. intercity passenger railroad supported by taxpayers, asked Congress to more than double its capital budget so it can buy more trains and improve infrastructure.

Amtrak, in a letter today to Vice President Joe Biden and House Speaker John Boehner, asked for $2.1 billion in U.S. funds for its capital budget and $212 million for debt service for the 2014 fiscal year. In the 2013 fiscal year, Amtrak is receiving $905 million for those expenses.

Read the complete story at Bloomberg News