Cutting government spending

President Obama signs the Improper Payments Elimination and Recovery Act at the <a class="taxInlineTagLink" id="PLCUL000110" title="White House" href="/topic/politics/government/executive-branch/white-house-PLCUL000110.topic">White House</a> on July 22, 2010 in <a class="taxInlineTagLink" id="PLGEO100101200000000" title="Washington, DC" href="/topic/us/washington-dc-PLGEO100101200000000.topic">Washington, D.C.</a> The signed bill will require federal agencies to put forth more funds towards audits to curb improper spending. (Photo by Brendan Hoffman-Pool/Getty Images)

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President Obama signs the Improper Payments Elimination and Recovery Act at the White House on July 22, 2010 in Washington, D.C. The signed bill will require federal agencies to put forth more funds towards audits to curb improper spending. (Photo by Brendan Hoffman-Pool/Getty Images)

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