Washington (CNN) The White House is urging all federal agencies to cancel their subscriptions to The New York Times and the Washington Post.

White House press secretary Stephanie Grisham said in a statement Thursday that "not renewing subscriptions across all federal agencies will be a significant cost saving for taxpayers -- hundreds of thousands of dollars."

The move was first reported by The Wall Street Journal . It follows President Donald Trump's recent indication that the White House would "terminate" its existing subscriptions with the two newspapers, which have been the frequent target of the administration's criticism through Trump's candidacy and presidency.

"The New York Times, which is a fake newspaper -- we don't even want it in the White House anymore. We're going to probably terminate that and the Washington Post," Trump said on Fox News' "Hannity" Monday evening.

"They're fake," the President added. "You take a look at the New York Times and you take a look at the kind of reporting they do, it was all -- it turned out to be all wrong."

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