LOS ANGELES - The U.S. Department of Transportation (USDOT) has released a new report detailing significant issues with California 's high-speed rail project.

The Federal Railroad Administration (FRA) found the project in default of its federal grant terms, citing missed deadlines, budget shortfalls, and overrepresented ridership projections.

What we know:

The FRA has issued a 300-page Compliance Review Report, concluding that the California High-Speed Rail Authority (CHSRA)'s high-speed rail project is in default of its federal grant awards.

These two grants collectively amount to approximately $4 billion in taxpayer money.

SUGGESTED: Newsom defends high-speed rail project

The report outlines nine key findings, including project delays, mismanagement, waste, and skyrocketi

See Full Page