"It's fine with me," he told reporters Wednesday morning.
Obey suggested yanking the earmarks, the pet projects coveted by members on both side of the aisle, in order to shave $11 billion from the spending bills and meet President Bush's budget demands.
Republicans have dismissed the suggestion as an "idle threat."
House Speaker Nancy Pelosi (D-Calif.) told the Associated Press on Tuesday that she too would not be opposed. "I think it's great. I do," she said.