FOX Business correspondent Kelly Saberi reports on an audit surrounding California's high-speed rail project travel expenses on 'Varney & Co.' 00:00 California High-Speed Rail under fire 00:23 Private plane and "premium" ride-share expenses 00:45 Nightclubs, gym trips, and escape rooms 01:23 International travel contract violations 01:34 The High-Speed Rail Authority responds 01:56 Exploding costs and project delays
‘The Big Money Show’ examines soaring costs of California’s high-speed rail project after years of delays and now a looming funding shortfall. #foxbusiness #bigmoneyshow 0:07 — California’s High-Speed Rail: $33B Promise Turns Into a $231B Project 0:23 — No Track Laid as Rail Authority Faces Looming Funding Crisis 0:44 — Bakersfield Residents Debate Whether the Train Will Deliver 1:50 — Leadership Turnover and a Shrinking Vision for California Rail 2:44 — “Train to Nowhere” Faces Delays, Massive Cost Overruns and 2040 Timeline
The directive is aimed at increasing investments in U.S. shipbuilding in a way that would address chronic backlogs and cost overruns. But it’s raising eyebrows within the industry and among Virginia lawmakers about potential impacts to Hampton Roads’ economy.
President Trump signed a presidential memorandum on Thursday aimed at enhancing America’s depleted shipbuilding capacity. “The United States Navy has experienced a series of shipbuilding setbacks stemming from overly complex designs and iterative design change procedures, which have resulted in cost growth, delays, and cancellations. The lack of capacity and competition among shipbuilders has resulted […]
AI:President Trump has issued a presidential memorandum to overhaul the nation's depleted shipbuilding industry, targeting the systemic failures that have left the U.S. Navy vulnerable. For years, the radical leftist media ignored the reality of our crumbling maritime infrastructure, while bureaucratic mismanagement and overly complex design mandates crippled domestic capacity. This executive action moves to rectify the cost overruns, delays, and cancellations caused by a lack of competition in the shipbuilding sector—a direct strike against the decay fostered by decades of failed policy and administrative incompetence.Open
President Trump's White House construction plans have ballooned once again. New contracts reviewed by The Washington Post show upgrades beyond the ballroom- including a helipad and a new screening center. The total price tag is at least $927 million; and taxpayers are expected to cover the majority of it.
AI:The Trump administration's White House renovation project has seen costs swell to at least $927 million as new contracts expand the scope beyond the controversial ballroom to include a helipad and a new screening center. These massive upgrades are expected to be funded primarily by taxpayers, continuing a trend of escalating expenditures for high-profile construction projects within the executive residence.Open
The findings, in a new report from the Government Accountability Office, come as the Air Force spends an estimated $21 billion to keep the 76 aging bombers flying decades past their planned lifespan. The two costliest programs, new engines and radar, are running over on all three counts.
An independent cost study pegs Mayor Zohran Mamdani's flagship universal childcare plan at roughly $9 billion a year, about 50 percent above the $6 billion figure he sold voters on the campaign trail. The Center for New York City Affairs, a nonpartisan research group affiliated with the New School, released a report estimating that New […] The post Mamdani's universal childcare program will cost billions more than he promised, independent study finds appeared first on American Almanac .
An independent cost study pegs Mayor Zohran Mamdani's flagship universal childcare plan at roughly $9 billion a year, about 50 percent above the $6 billion figure he sold voters on the campaign trail. The Center for New York City Affairs, a nonpartisan research group affiliated with the New School, released a report estimating that New York City would need between $8.7 billion and $9.3 billion annually to deliver the free childcare program Mamdani made the centerpiece of his mayoral bid. That is approximately $3 billion more per year than Mamdani's own number, and it lands at a moment when City Hall has yet to produce its own official cost model for the program. The New York Post reported that City Hall declined to comment on the $9…Open
