It looks like President Obama's high-speed rail initiative has gained some support in congress. The President's original plan had $8 billion dollars in stimulus funding going towards high-speed rail. That money was approved with the passage of the stimulus bill. Obama further called for an additional $1 billion per year for the next five years. With such a large amount of funding at stake, cities, states, and regions around the country have stepped up in asking for over $102 billion dollars in proposed high-speed projects. In response, the House has stepped up to the plate. The House passed a bill which allocated an additional $4 billion dollars towards high-speed rail for one year as opposed to the $1 billion Obama requested for that year. While that number still needs to be debated and voted on in the Senate, it could mean an overall addition of $3 billion for high-speed rail. CBT will keep you updated as this bill moves through D.C. Check out the main article here.