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Biden admin announces $16.4 billion for Amtrak improvements despite company's failure to turn a profit

The Biden administration announced Monday a $16.4 billion investment in Amtrak to make rail system improvements to its Northeast Corridor, despite the company never having turned a profit since its creation in 1971.President Biden's Bipartisan Infrastructure Law promises a $66 billion total investme...
United States New York White House District Of Columbia New Jersey Transportation Trades Department

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Biden threatens to veto bill proposing 'draconian cuts' to Amtrak — company still slated to receive billions in grants

President Biden plans to veto a bill proposed by House Republicans that would impose "draconian cuts" to Amtrak's funding, according to a Monday statement from the White House's Office of Budget and Management.The proposed legislation, H.R. 4820, is a transportation and housing appropriations bill t...
White House District Of Columbia United States Adam Andrzejewski Daily Caller News Foundation House Committee On Transportation

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