President Obama Seeks to Stop ‘Unnecessary Printing,’ Spending on Swag

Overall spending in the areas covered by the Executive Order will be reduced by 20 percent, saving billions.

This Executive Order builds on the progress that has already been made through the Campaign to Cut Waste. At President Obama’s direction this Administration has taken up an unprecedented effort to downsize the Federal real estate footprint, and is on track to save $3.5 billion in Federal real estate costs by the end of Fiscal Year 2012. The Administration has cracked down on waste in contracting, cutting contracting spending for the first time in more than a dozen years and slashing spending on “no bid contracts” by $5 billion.