The economic stimulus bill set aside $8 billion for the development of high-speed rail throughout the nation. That bill was signed into law in February, meaning that the funds cannot be re-allocated without legislation.
There is concern that the Cash for Clunkers program will interfere with priorities, however. As people receive subsidies to buy new cars, high-speed rail systems become less important to them in the short run. The Cash for Clunkers program might soon be shut down since most or all of its funding has been claimed, but any program that places an emphasis on auto transportation can potentially impact the rail industry.
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