The Federal Funding Accountability and Transparency Act of 2006 (Transparency Act) requires a single searchable website, accessible by the public for free that includes for each Federal award:
USAspending.gov, a re-launch of www.federalspending.gov, provides this information to the public, as collected from federal agencies, in an easy to use website. The data is largely from sources: the Federal Procurement Data System, which contains information about federal contracts; and the Federal Assistance Award Data System, which contains information about federal financial assistance such as grants, loans, insurance, and direct subsidies like Social Security.
The underlying technology for USAspending.gov was developed by OMB Watch with the support of The Sunlight Foundation and is used on OMB Watch’s website located at FedSpending.org. USASpending.gov utilizes the public version of the FedSpending.org site as of September 2007 (v2.2). The data available on USAspending.gov is provided by the Federal Assistance Awards Data System (FAADS) and the Federal Procurement Data System (FPDS). OMB Watch and The Sunlight Foundation specifically disclaim any warranties of accuracy or completeness with respect to the data provided on USAspending.gov.
(Commercial research service.)
U.S. Travel Insights combines econometric models of U.S. domestic travel and U.S. international arrivals for business and pleasure, with travel volumes and spending data from D.K. Shifflet & Associates, as well as the U.S. Department of Commerce’s Office of Travel and Tourism Industries to forecast total number of U.S. domestic trips, international arrivals and visitor spending.
The Treasury Department is the executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. The Department is responsible for a wide range of activities such as advising the President on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions. The Department of the Treasury operates and maintains systems that are critical to the nation’s financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. The Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems.