"This was an ill-conceived and unnecessary project, and a total waste of Taxpayer money — But no more!" the president said.

U.S. Transportation Department cancels $4 billion for California's high-speed rail after review found zero miles of track laid in 10 years and ballooning costs.

The country’s first fully high-speed rail line is planned to run about 355km between Los Angeles and Las Vegas. Read more at straitstimes.com. Read more at straitstimes.com.