TSA faces huge funding shortfall

The Transportation Security Administration is mismanaging its contracts and faces a $3 billion shortfall over the next two years, according the Department of Transportation's inspector general.

Inspector General Kenneth Mead told the Senate Transportation subcommittee Feb. 5 that the agency's operating costs are expected to exceed the passenger security fees for fiscal 2003 and 2004. The agency's budget will require a large infusion of cash from the general fund.

"This comes at a time when the General Fund is already strained to pay for vastly increased fiscal needs throughout the government. ... These costs are hitting at the very time much of the industry is in extreme financial distress," Mead said.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.