Reps. Eric Cantor, left, and John Boehner are expected to lead the GOP budget-cutting efforts in the new Congress.

CNN Wire Staff

Washington (CNN) - Less than a month after midterm elections brought a change in power in Congress, the White House and Republican leaders agree on one thing: changing the culture of earmarks.

In his weekly address, President Obama called for reforming earmarks, which are funds inserted into spending bills intended for a specific program, project or purpose. Critics say earmarks often sail through without adequate review.

"Given the deficits that have mounted up over the past decade, we can't afford to make these investments unless we're also willing to cut what we don't need," Obama said.

"That's why I've submitted to Congress a plan for a three-year budget freeze, and I'm prepared to offer additional savings," he said. "But as we work to reform our budget, Congress should also put some skin in the game. I agree with those Republican and Democratic members of Congress who've recently said that in these challenging days, we can't afford what are called earmarks."

Obama said while some earmarks support worthy projects in local communities, many others do not.

"We can't afford 'bridges to nowhere' like the one that was planned a few years back in Alaska," said Obama, referring to the infamous $400 bridge project that Sarah Palin initially supported but later killed as governor of Alaska.

"As president, time and again, I've called for new limitations on earmarks. We've reduced the cost of earmarks by over $3 billion. And we've put in place higher standards of transparency by putting as much information as possible on earmarks.gov," Obama said.

He said the administration updated the site with more information about where last year's earmarks were actually spent, and made it easier to look up members of Congress and the earmarks they fought for.

Republican House leaders are calling for a vote on an earmark ban next week when Congress returns for a lame-duck session.

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