President Donald Trump met with the chief executives of technology companies including Apple Inc and Amazon.com Inc on Monday as the White House looks to the private sector for help in cutting government waste and improving services.
White House officials said on a conference call on Friday that the administration believed there was an "economic opportunity" to save up to $1 trillion over 10 years by significantly cutting government information technology costs, reducing government costs through improved IT, leveraging government buying power and cutting fraud across government agencies.
The meeting with nearly 20 chief executives comes as the White House pushes to shrink government, cut federal employees and eliminate regulations.
Many business executives are eager to work with the new administration as they face numerous regulatory and other policy issues.
In May, Trump created an "American Technology Council," the latest in a series of efforts to modernize the U.S. government. He signed a separate order in March to overhaul the federal government and tapped son-in-law and senior adviser Jared Kushner to lead a White House Office of American Innovation to leverage business ideas and potentially privatize some government functions.
Others planning to attend include Alphabet Inc Executive Chairman Eric Schmidt, venture capital firm Kleiner Perkins Chairman John Doerr and the chief executives of Microsoft Corp IBM Corp, Mastercard Inc, Intel Corp, Qualcomm Inc, Oracle Corp and Adobe Systems Inc, a White House official said on Sunday.
In May, Trump asked lawmakers to cut $3.6 trillion in government spending over the next decade, taking aim at healthcare and food assistance programs for the poor in a budget that also boosted spending on defense.