Amtrak, the U.S. intercity passenger railroad supported by taxpayers, asked Congress to more than double its capital budget so it can buy more trains and improve infrastructure.
Amtrak, in a letter today to Vice President Joe Biden and House Speaker John Boehner, asked for $2.1 billion in U.S. funds for its capital budget and $212 million for debt service for the 2014 fiscal year. In the 2013 fiscal year, Amtrak is receiving $905 million for those expenses.
Read the complete story at Bloomberg News.
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