Florida Governor Reject Federal Funds for High Speed Rail

Gov. Rick Scott announced this morning that he's taking a pass on $2.4 billion in federal stimulus money President Obama's administration had earmarked for a high-speed train connecting Orlando and Tampa.

Scott made the announcement in a hastily called news conference where he denounced Obama's budget.

"You don't have to be an economic expert to know when you spend more money than you take in you will fail," Scott said.