Tom Carper: “Amtrak is running out of operating funds for this fiscal year. They…”

On the recordJune 21, 2002

Amtrak is running out of operating funds for this fiscal year. They expect to run out of operating funds sometime in early July. The new president of Amtrak has announced his intention to try to negotiate a loan for Amtrak from a consortium of commercial banks, which Amtrak has done any number of times in the past, for operating moneys to bridge a period of time until the new Federal grant comes through or to negotiate money for capital improvements to Amtrak.

Said by

Tom Carper

Democratic · Delaware

Source

govinfo.gov

Editor's note · Context

Discussing Amtrak's financial challenges and potential shutdown due to lack of operating funds.

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Tom Carper: “Amtrak is running out of operating funds for this fiscal year. They expect to run out of operating funds sometime in…”

Editor's note · Context