Excerpt
RAY SUAREZ (Newshour): President Obama today said he wants fast-track authority to consolidate federal agencies. He called on Congress to give him that reorganization power that no president has had for almost 30 years.
Margaret Warner has more.
MARGARET WARNER (Newshour): The president invited business owners to the White House to hear his proposal.
PRESIDENT BARACK OBAMA: Today, I am calling on Congress to reinstate the authority that past presidents have had to streamline and reform the executive branch.
MARGARET WARNER: That fast-track authority expired in 1984, when Ronald Reagan was president. If Congress restores it, President Obama could propose cost-cutting consolidations and be guaranteed an up-or-down vote within 90 days.
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