From the San Jose Mercury News:

The agency in charge of the state’s $43 billion high-speed railroad project isn’t fully equipped to spend taxpayer dollars and has signed big checks to contractors without checking their work, California’s inspector general said Wednesday.

However, the audit from Inspector General Laura Chick also said the California High-Speed Rail Authority is making strides to correct many problems associated with planning the largest public project in the state’s history. By 2020, the bullet trains are expected to zip along the Caltrain line from San Francisco to San Jose at speeds of 125 mph on their way to Los Angeles.