Gavin Newsom’s bullet train barreling toward financial cliff as cash could run dry in 2027

California’s bullet train could have a new end point: Brokeville, USA. The state’s beleaguered high-speed rail line is once again careening toward a financial cliff, as a new report — delivered last month to Gov. Gavin Newsom and legislators — says the project could run out of cash by the end of next year. The Office of the Inspector General warned that the California High-Speed Rail Authority’s funds could dry up as soon as December 2027 unless it secures financing — and the authority would need to borrow as much as $9.5 billion over five years just to keep construction...