A group of Northeastern U.S. senators last week urged Department of Transportation Secretary Ray LaHood to direct $2.4 billion of federal high-speed rail funds to the Northeast Corridor line after Florida Gov. Rick Scott rejected them.

LaHood met with the senators last week to discuss additional funding for the rail line. The meeting follows a letter the group sent to the secretary on Feb. 28, requesting the funds that Florida denied.

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.