WH: 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.
President Barack Obama meets with staff including, from left, National Security Advisor Tom Donilon, Ben Rhodes, Deputy National Security Advisor for Strategic Communication, Chief of Staff for Policy Mona Sutphen, Liz Sherwood-Randall, Senior Director for European Affairs, Mike McFaul, Senior Director for Russian and Central Asian Affairs, Senior Advisor David Axelrod, and Press Secretary Robert Gibbs at the NATO Summit in Lisbon, Nov. 20, 2010. (Official White House Photo by Pete Souza)