Excerpt:

President Barack Obama has shot down a little-known provision in a massive Pentagon policy bill that would have greatly benefited House Speaker Nancy Pelosi’s district.

Pelosi (D-Calif.) is among dozens of lawmakers pressing for language in the House version of the 2010 defense authorization bill that would transfer closed military bases, at no cost, to local authorities for economic development.

But the White House is opposed to the provision, saying it would provide “potential windfalls” for private developers.