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Wednesday, July 06, 2011

US Senators Push Agencies To Speed Up Sale Of Excess Property

WASHINGTON -(Dow Jones)- Two senators are urging federal agencies to speed up the sale of unneeded buildings that cost taxpayers billions to operate annually, as part of an effort to curb waste within the federal government.

Sen. Tom Carper (D., Del.), chairman of homeland security and governmental affairs subcommittee on federal financial management, and Sen. Rob Portman (R., Ohio), a former White House budget director, this week asked eight agencies for updates on how each one is proceeding with its disposal of underused or unneeded real property.

The letters, which were sent Tuesday but not released until Wednesday, come amid an ongoing push by the Obama administration to save $3 billion by the end of the fiscal year through the sale of such property. Fiscal 2012 ends in September of next year.

-Andrew Ackerman, Dow Jones Newswires

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