White House Transparency Pledge Fails to Account for $1.3 Trillion
WASHINGTON, DC - The House Energy and Commerce Oversight and Investigations Subcommittee recently learned that the Obama administration, despite being required by law, has failed to account for over $1.3 trillion dollars in federal spending. The Federal Funding Accountability and Transparency Act of 2006 requires that the Office of Management and Budget maintain a website - USASpending.gov - to provide the American public with information about how their tax dollars are spent.
In a recent exchange on transparency with Rep. Cory Gardner (R-CO), Sunlight Foundation Policy Director John Wonderlich expressed frustration that the Obama administration has stonewalled the watchdog's efforts over the last six months to account for missing government contract spending at USASpending.gov.
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