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 <subject>Budget deficit</subject>
 <subject>Federal funds</subject>
 <subject>Funds management</subject>
 <subject>Future budget projections</subject>
 <subject>Internal controls</subject>
 <subject>Mass transit</subject>
 <subject>Mass transit funding</subject>
 <subject>Financial analysis</subject>
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 <title>Mass Transit: Preliminary Views on Options for Additional Fiscal Oversight of the Washington Metropolitan Area Transit Authority</title>
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<abstract>In recent years, the Washington Metropolitan Area Transit
Authority (WMATA) has faced serious financial and budgetary	 
problems as well as continuing challenges related to the safety  
and reliability of its transit services. At the same time,	 
ridership is at an all-time high, and WMATA continues to provide 
critical services and considerable benefits to the Washington	 
region and to the federal government. This statement discusses	 
(1) WMATA&apos;s responsibilities for serving the interests of the	 
federal government, including the agency&apos;s role in transporting  
federal employees and visitors to the nation&apos;s capital and in	 
supporting homeland security for the Washington metropolitan	 
region; (2) the current funding challenges facing WMATA and the  
options proposed to address these challenges; (3) preliminary	 
information on some of the entities that currently provide	 
oversight of WMATA and the focus of their recent reviews; and (4)
some considerations and options in instituting spending 	 
safeguards and oversight of any additional federal assistance	 
provided to WMATA, should Congress decide to provide such	 
assistance. GAO discussed this testimony with WMATA and FTA	 
officials, who provided comments and additional information that 
GAO incorporated as appropriate.</abstract>
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 <topic>Federal funds</topic>
 <topic>Funds management</topic>
 <topic>Future budget projections</topic>
 <topic>Internal controls</topic>
 <topic>Mass transit</topic>
 <topic>Mass transit funding</topic>
 <topic>Financial analysis</topic>
 <topic>Federal aid for transportation</topic>
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