According to CNN, the President has released a "blueprint for a new national network of high-speed passenger rail lines." According to the report:

[The] plan would be funded in part through the recently passed $787 billion stimulus plan, which includes a total of $8 billion for improvements in rail service. Obama has also proposed a separate five-year, $5 billion investment in high-speed rail as part of the administration's suggested fiscal year 2010 budget.

All aboard!