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Federal contracting spending holds steady

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  • Federal contracting spending holds steady

Washington Business Journal

Date: Tuesday, February 28, 2012, 1:30pm EST – Last Modified: Tuesday, February 28, 2012, 2:17pm EST

White House Controller Danny Werfel said last week that the $535 billion spent on federal contracting in fiscal 2011 was the first time in nearly 20 years that the procurement budget was flat from the previous year, The Washington Post reported. He pointed out that an additional $50 million in contracting savings has been identified for this year.

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