(Source: Fortune, February 13, 2018)
President Donald Trump’s spending plan released Monday proposes slashing the federal subsidy for Amtrak passenger rail service by nearly half. The proposal for Amtrak funding would drop from $1.495 billion to $738 million in the fiscal year that begins Oct. 1. It’s just one tiny piece of Trump’s $4.4 trillion fiscal 2019 budget that would increase spending for border security and the military and cut federal programs like Medicare.
Full story: www.fortune.com