. president obama is renewing his pledge to reduce government waste signing into law today a measure requiring federal agencies to spend at least $1 million annually on audits directed at improper payments and fraud. he noted that last year the government improperly spent, get this, $110 billion, with a "b," billion dollars. the president also discussed ways his administration is already trying to trim some of the fat. >> we began by combining, by going through the budget line by line and proposing $20 billion worth of cuts each year by targeting programs that are wasteful, duplicative or in some cases just plain ridiculous like the $35 million we're spending for a radio navigation system for ships since we now have a thing called gps. we don't need it. or the $3 million that was spent on consultants to create seals and logos for the department of