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March 5, 2009

US to Overhaul Government Contract Procurements
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On Wednesday, President Obama announced a plan to overhaul contracting
policies in all government departments. Singling out military contracts
in Iraq, Obama said the new rule changes would save taxpayers $40
billion a year.

bq President Obama: “And this wasteful spending has many sources. It
comes from investments in unproven technologies. It comes from a lack of
oversight. It comes from influence-peddling and indefensible no-bid
contracts that have cost American taxpayers billions of dollars.”



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