From Nextgov.com: OMB cancels financial system development at SBA and VA

The move is part of a governmentwide review of the troubled projects and a reengineering of the way agencies purchase and develop information technology.

White House officials announced on Wednesday they have canceled upgrades to financial management systems at the Small Business Administration and the Veterans Affairs Department as part of a strategy to save about $1 billion a year.

Read the full story on Nextgov.com.