California scales back high-speed rail plan

California's new governor, Gavin Newsom, is reducing the scope of a proposed high-speed rail line between San Francisco and Los Angeles, a project strongly supported by predecessor Jerry Brown.

"Let's be real, the project, as currently planned, would cost too much and take too long. There's been too little oversight and not enough transparency," Newsom said.

However, he said the state does have the capacity to complete a high-speed rail link between Merced and Bakersfield in California's Central Valley.