FAA Criticized For Financial Waste

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Meanwhile, the FAA is under fire for wasting money in a project that was designed to fast-track its contracting process by using pre-qualified vendors. The project has been shut down after costing the agency tens of millions of dollars in overruns, The Washington Post reported last weekend. The FAA awarded 114 contracts under the system, with a potential value of about $543 million, according to a recent report by the Transportation Department Office of Inspector General. The report found problems with the project's structure, its implementation, and its cost analysis. The investigation was requested by Iowa Sen. Charles Grassley. "It's just outrageous how the FAA was not looking out for the taxpayers' dollars," Grassley told the Post. "Three words would sum this up: absolutely no accountability."