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| Economy | |
| $40 bil in claimed gov't savings really only $19 bil, but it's a start | |
| 2009-12-23 | |
The report by the Office of Management and Budget shows that agencies have identified more than $19 billion in contract savings for fiscal year 2010, which began Oct. 1. Mr. Obama said that puts the government on track to meet its goal of saving $40 billion annually by fiscal year 2011. The administration has said the savings will come from terminating unnecessary contracts, ending an over-reliance on contractors and reducing the use of high-risk contracts. Federal spending on contracts has doubled since 2002, reaching $540 billion last year. | |
| Posted by:trailing wife |