<h1>Federal administration revokes $4 billion funding for state high-speed rail project citing cost overruns and delivery failures</h1> The federal administration revoked $4 billion in funding for a state's high-speed rail project connecting two major cities, citing cost overruns and delivery failures. The project, originally approved by voters in 2008 with an estimated cost exceeding $100 billion, has faced consistent delays and budget increases. Federal officials called it a 'train to nowhere' and criticized the lack of viable completion plans. State officials disputed the revocation as illegal, noting compliance with federal requirements and existing infrastructure progress. The state plans legal challenges while seeking private investment and extending cap-and-trade program funding through 2045. Currently, officials focus on completing a 119-mile Central Valley segment by 2033, with the project receiving approximately $1 billion annually from state greenhouse gas reduction funds.