60 Minutes Tackles California's $125 Billion High-Speed Train to Nowhere: 'A Complete Bait and Switch'

60 Minutes on Sunday profiled the "Ghost train" in California — the high-speed rail project that was approved by voters in 2008 and supposed to connect Los Angeles and San Francisco. Instead, the project has turned into an estimated $125 billion stain on the state, with Californians still waiting for the first tracks to be laid down, years after the train was expected to starting running.

Correspondent Jon Wertheim wanted to get an answer on why the train is so far behind schedule — and over budget.

He pointed to a few reasons, including "California's exacting environmental regulations, which triggered all manner of reviews, lawsuits, and delays."