:: Fulfilling another campaign promise, Obama announced the reform of government contracting procedures, and signed an executive memorandum to begin the process. From the AP:
Obama joined lawmakers to announce an executive memorandum that commits his administration to a new set of marching orders for awarding contracts. Obama said "the days of giving defense contractors a blank check are over" and said changes could save up to $40 billion a year.
Obama's presidential memo changes government contracting procedures. It directs Peter Orszag, director of the White House Office of Management and Budget, to work with Cabinet and agency officials to draft new contracting rules by the end of September. Those new rules, White House aides say, will make it more difficult for contractors to bilk taxpayers and make some half-trillion dollars in federal contracts each year more accessible to independent contractors.
AP photo.
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