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DOT Gives Calif. Lawmakers Ultimatum On Bullet Train Funds

By Jake Simpson (May 11, 2012, 6:37 PM EDT) -- The Obama administration will consider taking back roughly $3.3 billion in federal grants provided to California to start construction of a high-speed train project if the Legislature does not appropriate the state's share of the funding by June, U.S. Department of Transportation Secretary Ray LaHood said Thursday....

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