…well, at least that’s how Journalism 2.0 describes the recently launched fully-searchable database of US government spending.

According to USAspending.gov:

“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:

1. The name of the entity receiving the award;
2. The amount of the award;
3. Information on the award including transaction type, funding agency, etc;
4. The location of the entity receiving the award;
5. A unique identifier of the entity receiving the award.”

Great for research, mash-ups and story leads.

An On The Media interview with Glen Elin, from The Sunlight Foundation, is at this link explaining the benefits of the site (hat tip Journalism 2.0).