Obama backs rail in FY14 transport budget

Continuing to back up his political position established in his first term, President Obama Wednesday included considerable funding for rail and rail transit projects in his proposed fiscal year 2014 budget. Longer-term, the President also is advocating investment of $40 billion in passenger rail projects in the next five years. But the proposal, while a good placeholder and a rallying marker for pro-rail forces, is unlikely to survive intact.