31 U.S. states will share $8 billion for high-speed rail

The U.S. government will award $8 billion for high-speed passenger-rail service in 31 states, a program aimed at job creation. The money will form the foundation for 13 high-speed rail corridors, the Obama administration said. "There's no reason Europe or China should have the fastest trains," President Barack Obama said during his State of the Union address. "There are projects like that all across this country that will create jobs and help move our nation's goods, services and information."

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