Financing for the state’s planned $64 billion high-speed rail fell short after the latest cap-and-trade auction for greenhouses gasses raised just $10 million for state programs, including only $2.5 million for the bullet train, the Los Angeles Times reports. The rail authority had been expecting financing from the deal of about $150 million and had been counting on the fees to fulfill its obligation of matching about $3.5 million in federal grants.