Fla. scraps high-speed rail plan pushed by Obama

Florida Gov. Rick Scott canceled plans for a high-speed train line between Orlando and Tampa promoted by President Barack Obama, saying Wednesday it would cost the state too much even with $2.4 billion in federal help.

Cost overruns could put Florida on the hook for another $3 billion and once completed, there's a good chance ridership won't pay for the operating cost, meaning the state would have to pump more money into the line each year, Scott said.