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Old 02-03-2011, 07:20 PM
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Default Government reports $15B in contract cuts, first reduction since 1997

Here's a start, Dell. Hopefully the GOP will add to it:

Quote:
Government reports $15B in contract cuts, first reduction since 1997
By Ed O'Keefe
Washington Post Staff Writer
Thursday, February 3, 2011; 6:49 PM

In what administration officials describe as a major milestone, the federal government spent $15 billion less on contracts for outside products and services last year, the first year-to-year cuts in such costs since 1997.

Government contracts totaled $535 billion in fiscal 2010, down from $550 billion the year before, the White House said Thursday.

With those reductions, the Obama administration is on course to achieve its two-year goal of eliminating at least $40 billion on contract spending, according to Office of Management and Budget Deputy Director Jeffrey D. Zients.

More at http://www.washingtonpost.com/wp-dyn...020305824.html
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