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Federal employees have submitted more than 10,000 money-saving tips to the Office of Management and Budget’s SAVE Award contest in the last week, OMB director Peter Orszag announced today.

OMB launched the SAVE Award contest on Sept. 23 to gather cost-cutting and performance-improving ideas from the people who know government best: the employees.

So far, you have responded with 10,266 entries. And that number is growing as we speak.

If you haven’t submitted an idea yet, don’t delay. The contest ends on Oct. 14. You can enter at www.SaveAward.gov.

Once submissions close, an OMB panel will review the ideas and select a handful of finalists for President Barack Obama to choose from. The winning idea, which will be announced in November, will be included in the 2011 budget. The idea’s author will also get to meet Obama, the man with whom the buck stops.

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