OMB Reported Savings Based On Incomplete Data: GAO

Law360, New York (November 15, 2011, 6:50 PM EST) -- The U.S. Government Accountability Office on Tuesday took the White House Office of Management and Budget to task for trumpeting agencies' contract spending cuts without complete information about the extent to which those cuts could be credited to OMB's savings initiative. 

In a 75-page report detailing its assessment on OMB’s initiative to cut contract spending by agencies, the GAO said that OMB reported that agencies had achieved a $15 billion contract spending cut from fiscal year 2009 to fiscal year 2010, even though the figure was...
To view the full article, register now.