{"id":126831,"date":"2026-04-06T19:00:45","date_gmt":"2026-04-06T23:00:45","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831"},"modified":"2026-04-06T19:00:45","modified_gmt":"2026-04-06T23:00:45","slug":"californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831","title":{"rendered":"California’s high-speed rail fiasco exposed in brutal ’60 Minutes’ segment"},"content":{"rendered":"
\n

CBS News’ “60 Minutes” targeted California’s high-speed rail project<\/a> on Sunday, speaking to multiple officials about the project that has yielded little return since state residents voted in support of it in 2008.<\/p>\n

CBS’ Jon Wertheim spoke to Rep. Vince Fong, R-Calif., Lou Thompson, who helped found Amtrak and served on California’s high speed rail peer review group until 2024, California High Speed Rail Authority board member Anthony Williams and California Secretary of Transportation Toks Omishakin.<\/p>\n

“We’re now in 2026. There are no trains. There’s no track laid. It was a complete bait and switch,” Fong told “60 Minutes.”<\/p>\n

California voters approved nearly $10 billion in taxpayer funds via municipal bonds in 2008 for an 800-mile high-speed rail system connecting San Francisco and Los Angeles, which was estimated to cost roughly $33 billion.\u00a0The project, which began under former Democratic Gov. Jerry Brown, has been plagued by ballooning costs and delays, and Williams said the latest estimate of the cost to connect the two cities was over $125 billion, nearly quadruple the original amount.<\/p>\n

‘THE DAILY SHOW’ ROASTS GAVIN NEWSOM ON HOMELESSNESS, HIGH-SPEED RAIL IN SATIRICAL ‘LEADING MAN’ VIDEO<\/strong><\/a><\/p>\n

The California High-Speed Rail Authority (CHSRA) said it expects trains to begin running in 2030, a decade after the Golden State’s initial goal.<\/p>\n

CBS reported that the state was getting ready to lay down track for the project, but instead of Los Angeles to San Francisco, it will run about a third of that distance, connecting Bakersfield and Merced.<\/p>\n

Omishakin acknowledged that mistakes were made in the project.<\/p>\n

“There were mistakes made. Some of the criticism on this project, I think, is very fair,” he said. “I don\u2019t think the voters fully understood \u2014 and neither did we in the public sector \u2014 what it was going to take to actually get this project delivered.”<\/p>\n

NEWSOM-BACKED HIGH-SPEED RAIL ‘BOONDOGGLE’ HIT WITH NEW HOUSE INVESTIGATION<\/strong><\/a><\/p>\n

Williams told CBS that the financing was not there<\/a> to complete the rail when construction started.<\/p>\n

“It wasn\u2019t. Let\u2019s be real. We had a lot to learn, we had a lot of growth to do, and, you know, it\u2019s arguable whether we should have been clearer about that,” he said.<\/p>\n

Thompson was asked by CBS’ Wertheim if he thought he’d see the system built in their lifetimes.<\/p>\n

“I don’t know. I’m dubious. I’m dubious. Absent a national political will to work with the states to create some of these systems, I think it’s going to be in, of course, my lifetime almost certainly not. But maybe yours, I don’t know,” he said.<\/p>\n

California’s high-speed rail project<\/u><\/a> suffered a major setback after Transportation Secretary Sean Duffy announced the termination of $4 billion in unspent federal funding by the Federal Railroad Administration (FRA) in July 2025.<\/p>\n

CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE<\/strong><\/a><\/p>\n

Citing 16 years of failure, no completed high-speed track<\/a>, and escalating costs, Duffy declared the project at the time, dubbed the “train to nowhere,” a mismanaged and over-budget “boondoggle.”<\/p>\n

Fox News’ Elizabeth Elkind and Stepheny Price contributed to this report.<\/i><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/californias-high-speed-rail-fiasco-exposed-brutal-60-minutes-segment <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CBS News’ “60 Minutes” targeted California’s high-speed rail project on Sunday, speaking to multiple officials about the project that has yielded little return since state […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-126831","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nCalifornia's high-speed rail fiasco exposed in brutal '60 Minutes' segment - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California's high-speed rail fiasco exposed in brutal '60 Minutes' segment - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"CBS News’ “60 Minutes” targeted California’s high-speed rail project on Sunday, speaking to multiple officials about the project that has yielded little return since state […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-06T23:00:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"715\" \/>\n\t<meta property=\"og:image:height\" content=\"423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\"},\"headline\":\"California’s high-speed rail fiasco exposed in brutal ’60 Minutes’ segment\",\"datePublished\":\"2026-04-06T23:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\"},\"wordCount\":514,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"articleSection\":[\"Market News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\",\"name\":\"California's high-speed rail fiasco exposed in brutal '60 Minutes' segment - Wall Street PR\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\"},\"datePublished\":\"2026-04-06T23:00:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"California’s high-speed rail fiasco exposed in brutal ’60 Minutes’ segment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"name\":\"Wall Street PR\",\"description\":\"Latest News From WallStreet\",\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\",\"name\":\"Wall Street PR\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"width\":537,\"height\":70,\"caption\":\"Wall Street PR\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/WallStreetPR\/\",\"https:\/\/x.com\/WallstreetPRs\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"caption\":\"admin\"},\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"California's high-speed rail fiasco exposed in brutal '60 Minutes' segment - Wall Street PR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831","og_locale":"en_US","og_type":"article","og_title":"California's high-speed rail fiasco exposed in brutal '60 Minutes' segment - Wall Street PR","og_description":"CBS News’ “60 Minutes” targeted California’s high-speed rail project on Sunday, speaking to multiple officials about the project that has yielded little return since state […]","og_url":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831","og_site_name":"Wall Street PR","article_publisher":"https:\/\/www.facebook.com\/WallStreetPR\/","article_published_time":"2026-04-06T23:00:45+00:00","og_image":[{"width":715,"height":423,"url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831#article","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831"},"author":{"name":"admin","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36"},"headline":"California’s high-speed rail fiasco exposed in brutal ’60 Minutes’ segment","datePublished":"2026-04-06T23:00:45+00:00","mainEntityOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831"},"wordCount":514,"publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"articleSection":["Market News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831","url":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831","name":"California's high-speed rail fiasco exposed in brutal '60 Minutes' segment - Wall Street PR","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website"},"datePublished":"2026-04-06T23:00:45+00:00","breadcrumb":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/californias-high-speed-rail-fiasco-exposed-in-brutal-60-minutes-segment-126831#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cablemanpro.com\/wallstreetpr\/"},{"@type":"ListItem","position":2,"name":"California’s high-speed rail fiasco exposed in brutal ’60 Minutes’ segment"}]},{"@type":"WebSite","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","name":"Wall Street PR","description":"Latest News From WallStreet","publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization","name":"Wall Street PR","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","width":537,"height":70,"caption":"Wall Street PR"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WallStreetPR\/","https:\/\/x.com\/WallstreetPRs"]},{"@type":"Person","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","caption":"admin"},"url":"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/126831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/comments?post=126831"}],"version-history":[{"count":0,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/126831\/revisions"}],"wp:attachment":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media?parent=126831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/categories?post=126831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/tags?post=126831"},{"taxonomy":"stock_ticker","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/stock_ticker?post=126831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}