[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2010/images/06/08/art.orzagfile.gi.jpg caption ="Orzag will also identify areas where the government believes there is significant duplication and waste."]
Washington (CNN) - Office of Management and Budget Director Peter Orszag will announce Tuesday morning that the Obama administration is directing agencies to cut at least 5 percent from their budgets. This comes in addition to the president's pledge to freeze spending at most agencies over the next three years.
In excerpts provided by the OMB, Orszag will address the Center for American Progress, saying "...in the budget guidance for Fiscal Year 2012 issued to agencies this morning ...We are asking each agency to develop a list of their bottom 5 percent performing discretionary programs, as measured by their impact in furthering the agency's mission.
"In addition, to ensure that we can meet the president's insistence on a freeze for non-security agencies while funding priority areas, we are asking non-security agencies to specify how they would reduce their budgets by 5 percent - which will give us the ability to achieve the overall non-security freeze even while meeting inevitable new needs and priorities."
Orszag will also identify areas where the government believes there is significant duplication and waste. Orszag will say "as stewards of the American people's tax dollars, we cannot afford to waste money on programs that do not work, that are out-dated, or that are duplicative of one another."
FULL POST
Recent Comments