OMB POLICY STATEMENTS
OMB sets timeline to launch federal spending database
"With about 10 months until the congressionally mandated deadline to put all federal contract and grant spending in a database and online, the Office of Management and Budget is asking for public comment on how best to implement the law.

OMB launched a Web site, www.federalspending.gov, to collect these comments and set out an implementation timeline and the first set of frequently asked questions.

The site also includes links to existing sources of federal contract and grant data, including the Federal Procurement Data System-Next Generation, the Federal Assistance Award Data System for grants and fedspending.org, the site developed by OMB Watch, a nonprofit organization in Washington."