BRADENTON, Fla. — President Obama and Vice President Joe Biden will be in Florida today to announce which states will share in $8 billion of federal stimulus funding for high-speed rail projects, and the winners will include the Sunshine State.

The news that Florida will be among the recipients comes as Gov. Charlie Crist prepares to present his budget proposal dealing with declining revenue that has resulted in the state exceeding its self-imposed debt cap.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.