By the Numbers: $3.5 Billion

$3.5 Billion

The Federal Government is the largest property owner in the United States. But some 14,000 of its properties sit unused and unneeded, costing taxpayers millions of dollars a year in operating and maintenance expenses. To cut down on this wasteful and inefficient spending, the Obama Administration has taken unprecedented steps to reduce this stock of unused property and is on track to save $3.5 billion by the end of Fiscal Year 2012.

To see a sampling of this unneeded and unused real estate, check out our interactive map, which shows some of the progress the Administration is making on getting rid of excess property.

President Obama is committed to cutting wasteful and inefficient Federal spending. Today, he signed an Executive Order asking Federal agencies to cut their spending on travel, printing, and IT by 20 percent. Earlier this year, he launched the Campaign to Cut Waste with Vice President Joe Biden to eliminate government waste, save taxpayer dollars, and make government work better.

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Related Topics: Economy
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