In 2025, President Trump cancelled $4 billion in federal grants for the train, swiping at a political nemesis in the process. >> Did you ever hear of Gavin Nuskum. He has got that train is the worst cost overrun I've ever seen.>> In a statement to 60 Minutes, Secretary of Transportation Shawn Duffy said the administration is in favor of high-speed rail, but this project has quote wasted billions in taxpayer dollars yet delivered nothing. Can this be done without help from the federal government. >> This ini ...

60 Minutes rewind. Rarely is a public works project built anymore without a huge price tag. But we've come upon a road that may be breaking all the records.It's costing more than a billion dollars a mile. And if you think that's ridiculous or outrageous, consider this. Onethird of the cost has little or nothing to do with building the road.What we're talking about is what they call the big dig. the most expensive road ever built. It's a seven and a half mile,10 billion dollar stretch of highway in downtown ...

From New York City for viewers worldwide, I'm Scarlet Fu. The new one hour edition of Bloomberg Real Yield starts right now. Coming up, traders adding to rate cut bets on the heels of weaker than expected jobs data.We'll be getting insight from Oksana ARONOFF of JPMorgan Asset Management and Jeff Sherman of DoubleLine Capital. And a sell off in software debt pushes billions of dollars of loans into distressed territory. We begin with the big issue, the health of the US economy.We haven't yet really seen a t ...

>> THIS IS "BALANCE OF POWER. " JOE: FROM WASHINGTON, D.C. TO AUDIENCES WORLDWIDE, WELCOME TO "BALANCE OF POWER. " TONIGHT, ROMANCE -- BROMANCE IN THE OVAL OFFICE. PRES. TRUMP: I EXPECT TO HELP HIM BECAUSE I WANT NEW YORK TO BE GREAT. I WILL BE EXCITED FOR NEW YORK, MORE SO AFTER THE MEETING. JOE: MAYOR ELECT ZOHRAN MAMDANI BRINGS AN UNEXPECTED UNION BETWEEN THE LEADERS FOLLOWING A MONTHS LONG WAR OF WORDS COME UP WITH PRESIDENT TRUMP TODAY SAYING HE WANTS TO HELP ZOHRAN MAMDANI SUCCEED AND WOULD LIVE COMFO ...

New Yorkers have a lot to think about today. Obviously, Trump's words will have some impact on the electorate today. But also New Yorkers are facing the whole issue of the cost of living, which is which is Mamdani's complete platform.But the risk of losing funding is obviously potentially disturbing to New Yorkers. It's something like 6% or something of the New York budget, approximately, comes from it comes from federal federal funding. What are the potential what what would a win.I mean, very much the pol ...

Tonight, on day 23 of the federal government shutdown, a new twist. Democrats blocking a GOP plan to start paying federal employees working without pay during the shutdown. >> Democrats have rejected every opportunity they've been given to put the American people ahead of their far-left base.>> Democrats defending their vote, saying the GOP plan would have given President Trump too much power to decide who would get a paycheck. Our belief is that no federal employee, no one uh should bear the burden or be p ...

Today is day 23 of the government shutdown. Comes after the Senate failed to advance the House passed funding bill for the 12th time yesterday. It's now the second longest federal funding lapse ever, which means the two longest shutdowns have both happened while President Trump was in office.Republicans are expected to bring the funding bill up for another vote as soon as today. They're also expected to force a vote today on Republican Senator Ron Johnson's bill that would pay some federal workers as well a ...

together. Oh, [Music] warm sunlight. [Music] Welcome back.As the government shutdown enters a second day, the Trump administration is taking aim at New York. White House budget director Russ Vote announced a freeze on $18 billion in federal funding for two New York City infrastructure projects. The long-awaited projects include a rail tunnel under the Hudson River and an extension of the Second Avenue subway line.The administration is citing the shutdown and blaming Democratic leadership from New York with ...

Watch live coverage as Democratic minority leader Rep. Hakeem Jeffries (D-N.Y) speaks to the press after the U.S. government officially shut down at midnight after Congress and the White House failed to reach an agreement on how to extend federal funding. The clash comes after months of political warfare between the two parties, with Democrats demanding provisions to extend health care funding — most notably Obamacare subsidies set to expire and raise people’s premiums at the end of this year. They also sou ...

Watch live coverage as Democratic minority leaders Rep. Hakeem Jeffries (D-N.Y) and Sen. Chuck Schumer (D-N.Y.) speak to the press after the U.S. government officially shut down at midnight after Congress and the White House failed to reach an agreement on how to extend federal funding. The clash comes after months of political warfare between the two parties, with Democrats demanding provisions to extend health care funding — most notably Obamacare subsidies set to expire and raise people’s premiums at the ...