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Obama Names Nancy Killefer As Federal Spending Watchdog

By Can Tran     Jan 7, 2009 in Politics
Once Barack Obama takes the oath of office as United States President, Nancy Killefer will take the role of a new position as chief performance officer.
United States President-Elect Barack Obama has created a new post for his administration. This position is known as the chief performance officer. Obama has named Nancy Killefer, a former assistant Secretary of the Treasure under then-President Bill Clinton, as the first-ever CPO. Currently, Killefer is the director of a management consulting firm.
One would ask: What will the CPO’s duties be? The CPO will be the one to keep a hawk’s eye on federal spending. This CPO will report directly to Obama. When Obama’s administration takes over the White House on January 20, Killefer will assume her duties as the first CPO.
Obama said that in order to control federal spending, he said that massive government entitlement programs need to be overhauled and reformed. The CPO’s duty is to see that wasteful spending is eliminated and that efficiency is improved.
Also, Obama said that his economic plan would cost $775 billion. This is a different estimate to what outside economists have suggested and speculated. Obama made sure to address that as well.
We expect that it will be on the high end of our estimates but will not be as high as some economists have recommended because of the constraint and concerns we have about the existing deficit,” Obama explained.
Obama explained the new position and the plan to cut spending at a speech at Virginia’s George Mason University.
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