This is the type of work Obama puts in, but you never hear about...
Web site on federal grants, loans and contracts debuts
By Gautham Nagesh
The Office of Management and Budget rolled out a new Web site Thursday that will provide information on all major federal grants, loans and contracts. The new site, dubbed USASpending.gov, is dedicated to improving transparency by providing the public with information on all major federal transactions. The launch fulfills one of the key requirements of the 2006 Federal Funding Accountability and Transparency Act, which requires full disclosure on a Web site maintained by OMB of all organizations receiving more than $25,000 in federal funds. Sens. Barack Obama, D-Ill., and Tom Coburn, R-Okla., co-sponsors of the legislation, applauded the announcement, which Obama called "an important milestone on the path to great government transparency." "We can't reduce waste, fraud and abuse without knowing how, where and why federal money is flowing out the door," Obama said. "This site will provide a window into the federal budget so all Americans can see how their tax dollars are being spent."
Full story: http://www.govexec.com/story_page.cfm?articleid=38846&dcn=e_tcmg
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment