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.

1 minute read

November 9, 2001, 1:00 PM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"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

FULL STORY: Amtrak Told to Plan Liquidation

Friday, November 9, 2001 in The Washington Post

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