OMB Director Peter Orszag discusses the President's Save Award program.

In a radio address on April 25, 2009, the President called for “a process through which every government worker can submit their ideas for how their agency can save money and perform better.”

The President’s SAVE Award will fulfill this commitment by enabling any federal employee to submit ideas for efficiencies and savings as part of the annual Budget process. This contest is part of a larger effort to make sure that we invest taxpayer dollars in programs and initiatives that have proven records of success and fix or end programs that do not.

The deadline for submissions is Wednesday, October 14th. The winner will meet with President Obama at the White House and have his or her savings initiative incorporated into the FY 2011 Budget. In addition, the agency with the most participation in the contest will receive an award.

All submissions are confidential, and can be made at SaveAward.gov.