President Obama, joined by Senator John McCain and Senator Carl Levin, discussed a review of how contracts are awarded. Doug Mills/The New York TimesFrom Yahoo News/Reuters:
WASHINGTON (Reuters) – President Barack Obama said on Wednesday the U.S. government was paying too much for things it did not need and ordered a crackdown on spending "plagued by massive cost overruns and outright fraud."
The Democrat, under fire from Republicans for the $3.5 trillion price tag for his 2010 budget plan, also took aim at predecessor George W. Bush and noted the cost of government contracts had doubled to more than half a trillion dollars over the past eight years.
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More News On President Obama's Aim To Cut Costly Defense Contracts
Obama: Days of 'blank check' for defense contractors over -- Washington Times
Obama Calls for Review of How Government Contracts Are Awarded -- New York Times
Obama to Change Contract Awarding -- New York Times
Obama orders overhaul of `broken' US contracting -- AP
Obama orders major changes in federal contracting -- AP
Obama vows to change government contracting -- CNN
Obama aims to cut $40B a year -- MSNBC
Pinching Contractors -- Forbes
Obama Defends Budget, Announces Procurement Reforms -- Real Clear Politics
Obama urges defense budget reduction, reform in contracting system -- China View
Obama Pledges to Ensure Security While Reforming Defense Contracting -- Dvids
If You’re a Defense Lobbyist, It Might Be Time to Panic -- Washington Independent
Securing America Does Not Require Wasting Billions -- Heritage Foundation