Posts tagged as ‘Noteworthy’
The DATA Act was a significant piece of legislation that required the federal government to adopt a single data structure for spending information along with a goal of bringing together all spending information whether it be contract, loans or grants into one unified data set that would be easily searchable by the public.
We now have a full year’s worth of standardized spending data under the DATA Act of 2014. This has quietly been the largest federal financial data effort since the implementation of the CFO Act of 1990.
Today marks the DATA Act’s fourth anniversary and the first full year of agency reporting. By May 9, 2018, the Treasury Department will have collected one full year of federal financial information from all CFO Act agencies, in accordance with the DATA Act
A more efficient, 21st Century approach is to retain all the data in “machine-readable form” rather than converting it into and the back out of a print format. The primary technology that enables the transfer of financial data from statement filers to users is eXtensible Business Reporting Language (XBRL).
Today, the U.S. Treasury Department’s Fiscal Service launched the Data Lab. This analytics portal is hosted on the newly revamped USAspending.gov site, in accordance with the DATA Act of 2014.
The Data Coalition seeks a Communications Associate to work as part of its fast-paced communications team.