Increased Oversight in Federal Contracts

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Bipartisanship was on display this morning at the White House. With his former opponent, Senator John McCain at his side, President Obama signed a memorandum changing the way government buys goods and services. The administration says new oversight and more competitive bidding will save the taxpayers $40 billion a year.

Also standing with the president this morning was Brooklyn Congressman Edolphus Towns. He spoke with WNYC's Amy Eddings.