California is looking for new ways to finance its high-speed rail project following the Trump administration's decision to pull billions of dollars in federal funds from the project.

Transportation Secretary Sean Duffy in July announced the administration is terminating $4 billion in unspent federal funding for the California High Speed Rail Authority (CHSRA) that was allocated by the Federal Railroad Administration. Duffy and President Donald Trump slammed the project as a "boondoggle" for its cost overruns and slow progress, while Duffy announced a new funding cut of $175 million this week.

The state of California filed a lawsuit against the funding cut, while Gov. Gavin Newsom called the move "yet another political stunt to punish California."

With billions of federal dolla

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