Feds offer ideas on agency cost-cutting

The White House kicked off the fourth annual SAVE Award, seeking cost-cutting ideas from those who know best how to help Uncle Sam pinch pennies — federal employees.

Employees have until July 24 to submit ideas for reducing government spending.

The Office of Management and Budget will winnow the entries down to a “final four,” which will be voted on by the public. The winner is given the opportunity to meet with the President to present the idea.

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The Obama administration launched the awards — an acronym for Securing Americans Value and Efficiency — in 2009. Since then, feds have submitted more than 75,000 cost-saving ideas through the contest, according to OMB.

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Previous SAVE Award winners have included a NASA employee’s plan to create a lending library of extra equipment and tools and a Bureau of Prisons employee, who suggested sending the Federal Register via email to cut printing and postage costs.

By 5 p.m. on the first day the awards opened, users had submitted more than 1,500 ideas.

To submit an idea, click here.

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