President Obama’s campaign to show he’s taking action on the economy today will target government waste and promote ways to efficiently spend federal dollars by cutting funding for federal swag and excessive document printing, among other things.

This morning, the president will sign an executive order directing agencies to reduce spending on travel; limit the number of technology devices that can be issued to employees; stop unnecessarily printing of documents; shrink the executive fleet of the federal government; and stop using taxpayer dollars to buy plaques, clothing, and other unnecessary promotional items.

According to the White House, the executive order will reduce overall spending in these areas by 20 percent.

“From the day I took office, I’ve said we’re going to comb the federal budget, line by line, to eliminate as much wasteful spending as possible… We can’t wait for Congress to act — we can’t wait for them to get our fiscal house in order and make the investments necessary to keep America great. That’s why today, I’m signing an Executive Order that will build on our efforts to cut waste and promote more efficient spending across the government — we’re cutting what we don’t need so that we can invest in what we do need,” Obama said in a written statement.

In addition, today the White House will announce this year’s SAVE (Securing Americans Value and Efficiency) Award finalists. The award recognizes federal employees’ ideas to make government more effective and efficient.

Later this afternoon, the president will hold a bilateral meeting with President Silva of Portugal in the Oval Office.

In the evening, Obama will deliver remarks at the National Women’s Law Center’s Annual Awards dinner in Washington, D.C.