Obama Administration Releases Budget Cuts
Not quite "A Day Late and A Dollar Short," the Obama administration released its promised 100 million in budget cuts Monday, a week past its original 90-day deadline.
President Obama asked for the cuts on April 20th, when he challenged his Cabinet to find ways to trim the budget.
While a week behind, the Cabinet did find more money to cut, or save, as it were: $243 million through 2010 and even more in years after that.
Even the president himself acknowledged that $100 million is a drop in the taxpayer bucket. But he said that every cent counts.
"One hundred million here one hundred million there pretty soon even in Washington it adds up to real money," he told reporters at the end of his first Cabinet meeting in April, where he asked each department head to search his or her budget for cuts.
Here are a few examples the White House has cited as success:
This cost cutting will not come close to paying for the trillion-dollar health care plan or have a serious impact on the trillion-dollar plus deficit, but as Office of Management and Budget Director Peter Orszag writes, "These savings reflect the President's belief that even small savings can add up."
Robert Hendin is a CBS News White House producer.
Popular in Politics
- FBI director acknowledges domestic drone use
- Obama and Berlin: Faded echoes meet new realities
- Obama on NSA programs: Americans "not getting the complete story" 258 Comments
- Smooth, on-time Obamacare rollout no sure thing: GAO
- House Republicans pass 20-week limit on abortions 401 Comments
- Senators: U.S. must take "more decisive" military action in Syria
- Obama renews push for a nuclear disarmament legacy
- GOP Sen. Murkowski backs same-sex marriage