In a move that some call too little too late, President Obama today called for the elimination of up to 2,000 government jobs and the consolidation of six agencies into one.

Initial cuts at the Commerce Department and five related agencies will save the Treasury as much as $3 billion over the next 10 years, the White House says. To carry out these and future cuts, Obama is asking Congress for a type of “consolidation authority” that would allow him to propose ways to streamline federal agencies..