The Office of Management and Budget initially doubted the need for or the possibility of developing a single, online, publicly accessible database with all contracts, grants, loans and other transactions. But after Sens. Tom Coburn (R-Okla.) and Barack Obama (D-Ill.) shepherded the Federal Funding Accountability and Transparency Act through Congress and it became law, administration officials rethought the possible.
From news article: Federal spending database defies doubters
I imagine that the Federal Funding Accountability and Transparency Act is one of the only 'good' things congress has managed to complete this year. Probably one of the few 'bipartisan' efforts as well.
DocMoreau
[forgot my link]
[edit on 16/12/2007 by DocMoreau]
