US government will finally make it easy to see how your tax dollars are spent

Americans will soon have a much easier time figuring out how their tax dollars are being spent. The United States government is going to begin standardizing its spending data and publishing it on a single website within three years, in a move that’s hoped to dramatically enhance transparency around federal spending. The new policy is a result of what’s being hailed as the first “open data” law, the Digital Accountability and Transparency Act of 2014 (the DATA Act), which was just signed last Friday. It’ll be several years before all of its components go into effect, but the result should be federal agencies using a standardized reporting method to detail even more of their expenditures than were previously disclosed.

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