The Obama administration is proposing to spend $53 billion over the next six years to help promote the construction of a national high-speed, intercity passenger rail network, Vice President Joe Biden announced Tuesday.

The proposal represents a significant expansion of the $10.5 billion already spent on high-speed rail expansion since Obama entered office, including $8 billion in the 2009 economic stimulus package.

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Posted by mopeng at February 9, 2011 1:10 AM