Amtrak Asked To Plan Its Own Liquidation

A federal panel concluded that Amtrak will not be able to attain financial self-sufficiency by a congressional deadline and should draw up a plan for its own liquidation.
November 9, 2001, 1pm PST | Abhijeet Chavan | @legalaidtech
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"The 6-5 vote by the Amtrak Reform Council does not mean Amtrak trains will stop running. Congress will review Amtrak's liquidation plan and a proposal to be drawn up by the council for a restructured national passenger rail system. Congress then will make a final decision about the future of Amtrak and rail service."

Thanks to Abhijeet Chavan

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Published on Friday, November 9, 2001 in The Washington Post
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