From: Nextgov
The Office of Management and Budget is trying to make federal spending data easier to interpret.
OMB has released a new framework for federal agencies reporting their spending — standard definitions for financial terms, among other elements — as part of the Digital Accountability and Transparency Act of 2014. The DATA Act requires federal agencies to report categories such as how much congressional funding they receive, or how much money they’re spending on specific projects, and post it to USAspending.gov.
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