Article: Amtrak, Bush administration reach final deal: Systemwide train shutdown averted

WASHINGTON - Amtrak and Bush administration officials closed a deal late Friday to help Amtrak get the $200 million it needs to keep passenger trains running through September.

The deal helps Amtrak avert the first systemwide shutdown in its 31-year history, which had been threatened to begin next week.

The Transportation Department will give Amtrak an immediate $100 million loan, then will join with Amtrak in asking Congress to provide the remainder.

"Our goal was to ensure uninterrupted service for the over 750,000 Americans who rely on Amtrak and our nation's commuter rail service every day, and we have accomplished that goal," Transportation

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!