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60 Minutes Catches Up to Years of Warnings on the High-Speed Rail Boondoggle

  • California's high-speed rail project from Los Angeles to San Francisco now has an estimated cost of $126 billion, nearly four times the $33 billion voters approved in 2008.
  • As of 2026, no full line has been completed, with only a Central Valley segment between Bakersfield and Merced partially built and the earliest full opening projected for 2033.
  • Officials, including California Transportation Secretary Toks Omishakin, have admitted mistakes and mismanagement, acknowledging that criticism of the project is justified.
  • Federal funding was cut under the Trump administration, which criticized the project as a waste of taxpayer money and redirected funds to other rail safety projects.
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Officials warned of a significant increase in the high-speed train budget; when approved, it was estimated at $45 billion

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  • 92% of the sources lean Right
92% Right

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New York Post broke the news in New York, United States on Monday, April 6, 2026.
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