Cutting Costs on Capitol Hill

They’re trying to cut costs on Capitol Hill and Senator Carl Levin (D-MI) is leading the way when it comes to looking at the Defense Department. The Senat...

They’re trying to cut costs on Capitol Hill and Senator Carl Levin (D-MI) is leading the way when it comes to looking at the Defense Department.

The Senator has crafted a bill that would require DoD contracts to be reexamined if the cost goes up 25 percent over the initial estimate.

The idea was rolled out last week at President Barack Obama’s financial summit, held at the White House last Monday.

Levin was one of many high-profile lawmakers who talked about acquisition at the meeting.

Read the full story here.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

    (AP Photo/Patrick Semansky)Congress

    One more week of business on Capitol Hill before the craziness sets in

    Read more
    House Appropriators, Federal workforce, Congress Debt Limit

    The federal workforce is growing, as House appropriators consider agency spending cuts

    Read more
    Getty Images/iStockphoto/Alexey Bragin

    New strategy, A-123 update to help reduce improper payments

    Read more