5/9/11 GAO Questions Funding Hike for FAA Office

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The U.S. office that regulates the commercial space transportation industry does not need the funding increase being sought by the White House next year given the uncertainty surrounding the markets it oversees, a U.S. government auditor told lawmakers May 5. U.S. President Barack Obama requested $26.6 million for the Office of Commercial Space Transportation, part of the U.S. Federal Aviation Administration, for next year, a 74 percent increase over 2010.

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http://www.spacenews.com/policy/110506-gao-questions-funding-hike-faa.html