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Feds suspend review of $5.5B loan for Vegas-to-California train
Fox News ^ | July 17, 2013 | Judson Berger

Posted on 07/17/2013 2:41:22 PM PDT by Olog-hai

A proposed high-speed train connecting suburban California to Las Vegas may have just been stopped in its tracks, after the Transportation Department halted the review of what would have been its largest taxpayer loan in history.

In a letter obtained by FoxNews.com, Transportation Secretary Ray LaHood informed developer XpressWest that he would “suspend further consideration” of the company’s request for a $5.5 billion federal loan.

If approved, the loan would be the department’s largest ever. Though the project was a favorite of Senate Majority Leader Harry Reid, of Nevada, the request had been the subject of intense Republican criticism, as lawmakers cited concern about “subsidizing” a costly and potentially risky project at a time of mounting federal debt. Consideration of the massive loan also came as the government imposed across-the-board sequester spending cuts.

LaHood, in his June 28 letter to the company, cited “serious issues” with the application in the decision to cut the project off. He suggested the company was having difficulty ensuring that the project would be built with enough American products like U.S-made steel and iron. …

(Excerpt) Read more at foxnews.com ...


TOPICS: Government; News/Current Events; US: California; US: Nevada
KEYWORDS: harryreid; highspeedtrain; lasvegas; xpresswest
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To: null and void
It really makes no difference, because we both know he's reading this now. ;)

Poor, poor, Willie . . . a socialist who simply was misunderstood.

21 posted on 07/17/2013 3:10:39 PM PDT by 1rudeboy (And he can still kma)
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To: BenLurkin

Probably Richard Blum better known as Mr Dianne Feinstein.


22 posted on 07/17/2013 3:12:09 PM PDT by Lurkina.n.Learnin (If global warming exists I hope it is strong enough to reverse the Big Government snowball)
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To: 1rudeboy

You made Willie mad.....

23 posted on 07/17/2013 3:12:28 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: Olog-hai

They have talked about building that train for over 30 years. There no way it will be finished in my lifetime.


24 posted on 07/17/2013 3:12:51 PM PDT by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: Toddsterpatriot

I didn’t see that image, I’ll have to check it when I get home. How’s the 105 heat index treating ya’?


25 posted on 07/17/2013 3:13:57 PM PDT by 1rudeboy
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To: 1rudeboy
Willie Green is deeply saddened.


26 posted on 07/17/2013 3:13:58 PM PDT by WVKayaker ("...the press had better learn from their experiences of being duped "...-Sarah Palin 5/17/13)
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To: Toddsterpatriot; 1rudeboy
It's not 1rudeboy's fault he got ridden out of town on a rail.

Sometimes I just crack myself up...

27 posted on 07/17/2013 3:14:31 PM PDT by null and void (Republicans create the tools of oppression, and the democrats gleefully use them!)
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To: 1rudeboy; Willie Green

I think I saw a post form him the other day.


28 posted on 07/17/2013 3:16:22 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: BenLurkin
Not likely. Jim gave him the boot in October 2010:

(Last) Posts by Willie Green

29 posted on 07/17/2013 3:21:14 PM PDT by CedarDave (Trayvon Martin history: The MS media is in love with burglars and thugs in training.)
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To: 1rudeboy

The air conditioning is workin’ fine.


30 posted on 07/17/2013 3:23:01 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: 1rudeboy

LOL, you’re WAY ahead of me.


31 posted on 07/17/2013 3:27:56 PM PDT by Paladin2
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To: Olog-hai
But Dingy Harry hasn't given up yet:

Sen. Harry Reid, D-Nev., a major booster of the project, said Friday there was still a chance of federal backing for the major transportation project. An XPressWest spokeswoman said the company understood the project still was being reviewed.
Feds: XPressWest failed to meet 'Buy America' rules for high-speed train

32 posted on 07/17/2013 3:33:18 PM PDT by CedarDave (Trayvon Martin history: The MS media is in love with burglars and thugs in training.)
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To: wideawake

Yeah, his hometown is on the route - Searchlight!


33 posted on 07/17/2013 4:44:22 PM PDT by lu shissler (ecause)
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