From the Washington Post
President Obama will ask Congress on Friday for the power to shrink the federal government, proposing a first step of combining several trade- and commerce-related agencies under a plan that the White House said could eliminate more than 1,000 jobs and save $3 billion over 10 years.
A senior administration official said the White House announcement by Obama is follow-through on his promise during last year’s State of the Union address to create a leaner, more efficient bureaucracy.
But the move also comes at a politically opportune moment, as the president heads into his re-election campaign and aims to blunt Republican criticism that his policies have stunted business growth and bloated the federal budget at a time of ballooning debt.
Obama will propose combining the functions and staff of six trade- and commerce-related agencies and offices: the Small Business Administration; the Office of the U.S. Trade Representative; the Export-Import Bank; the Overseas Private Investment Corporation; and the Trade and Development Agency. The move would ease the regulatory burden on businesses and save money by eliminating duplicative functions such as human resources, the White House official said.
We already know that the size of the federal workforce is smaller under Obama than it was under Reagan. If successful, this move would shrink the size of government even more, and save a bit of money in the process.