Intercity Passenger Rail: Issues Associated With a Possible Amtrak Liquidation

Pursuant to a legislative requirement, GAO reviewed the financial and other issues associated with a possible Amtrak bankruptcy and liquidation, focusing on: (1) uncertainties in estimating the potential costs associated with a liquidation; (2) possible financial impacts on creditors, including the federal government; (3) possible financial impacts on participants in the railroad retirement and unemployment systems; and (4) possible impacts on intercity, commuter, and other rail service.