(The auto company lapdogs in the House are giving their corporate masters their money's worth, cutting rail and bicycle alternatives...)
House Panel Slashes Amtrak Funds, Boosts Roads
WASHINGTON (Reuters) - A U.S. House of Representatives panel on Friday slashed funding for the Amtrak passenger railroad and transportation alternatives like bicycle routes to boost highway construction spending.
The House Appropriations subcommittee approved on a voice vote a roughly $90 billion bill funding transportation programs, the U.S. Treasury and several other federal agencies next year.
It would provide $580 million for Amtrak in fiscal year 2004 which starts Oct. 1, 2003, $320 million below the funding level requested by President Bush and less than a third of the $1.8 billion the struggling railroad says it will need to survive.
Amtrak is a for-profit federal corporation that has never made money in its 30-year history. It has $4 billion in debt, and the Bush administration has proposed dismantling it over the next several years instead of continuing to subsidize it.
<snip>
http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=3076827