Amtrak Seeks $1.5 Billion Bailout
Watch VideoRailroad company Amtrak says it needs a $1.5 billion bailout to remain in business. Amtrak's CEO says ridership and ticket revenue have dropped by 95% since the pandemic began. The company has already received $1 billion in emergency funding to stay afloat.
Amtrak says it plans to cut 20 percent of its...