Obama Delivers Savings Plan

Summary


WASHINGTON -- It's not real money as measured by the Washington adage of "$1 billion here and $1 billion there," but President Barack Obama's Cabinet has just delivered on his demand for $100 million in budget savings.

The release came late Monday with little of the fanfare that accompanied Obama's promise to deliver the savings, which was greeted with considerable ridicule since it amounted to a pledge to cut about $1 for every $10,000 of the $1 trillion budget for agency budgets approved by Congress in March.

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Obama Delivers Savings Plan

That represented the equivalent of cutting a foot-long submarine sandwich from the budg...

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