Reporters’ Roundup: Drop in federal contract spending

These are the stories that Federal News Radio reporters are working on today.

The Office of Management and Budget announced today the first year-over-year decrease in contract spending since 1997. In a phone press conference, OMB Director Jeffery Zients says contract spending went down from $550 billion in fiscal 2009 to $539 billion in 2010. Read the full report by Meg Beasley.