California's suspension this week of a high-speed rail project underscores the up-hill battle the modern mode of transport faces in the United States -- including myriad cultural, political and economic obstacles. Long gone are the days of the 19th century gold rush, when Americans raced to build transcontinental rail links and conquer the nation's vast expanse. "We have a Congress polluted by special interest money ... that has been working for years to stop/prevent any rail investment," said Andy Kunz, head of the US High Speed Rail Association, pointing to the oil, aviation and auto industries in particular.
Rep. Adam Kinzinger, R-Ill., was deployed to the southern border earlier this week, according to his spokeswoman Maura Gillespie.
Iran can only lose by negotiating with the United States and must be careful to limit any dealings with some "untrustworthy" European states, the Islamic Republic's top leader said on Wednesday. Tensions ramped up between the United States and Iran after President Donald Trump withdrew from a multilateral nuclear deal last year and reimposed sanctions. The U.S. sanctions are putting unprecedented pressure on Iran, Supreme Leader Ayatollah Ali Khamenei said last month.
"This is an extremely imbalanced situation," Greenspan, who led the Fed from 1987 to 2006, said in a phone interview. For Greenspan, 92, the ultimate concern is inflation. Inflation is under control -- data Wednesday may show it's the tamest since 2016.