White House Orders $7.7 Billion Cut in IT Budgets in 2014
August 17, 2012
The White House is instructing agencies to cut a combined $7.7 billion from their information technology budgets in 2014 and propose ways to redirect it to other priority projects.
Agencies must outline how they would like to reinvest those funds into projects that will show a return on investment within 18 months, according to Office of Management and Budget guidance released this week. OMB will then decide whether to approve those plans. Projects can include: