Vice President Joe Biden said Tuesday he wants better reporting on use of federal stimulus
money so that "every dollar is accounted for and every official is held accountable" to assure that the funds are being used to create jobs and aid in the nation's economic recovery.
Biden said the legal requirement to account for how the money is used produced 65,249 spending reports in the first quarter of 2010, but recipients of the federal largess failed to file reports on 1,036 awards. A new presidential memorandum orders federal agencies to make public the identities of recipients who don't comply with the reporting requirement. Awards can be cut off and money reclaimed in some cases where contractors and grant recipients fail to follow the law.
"I can proudly say that we're not only creating jobs across the country, but doing so responsibly and with a level of transparency never before seen in this town," Biden said in a statement.
The vice president and the independent Recovery Accountability and Transparency Board oversee the $787 billion stimulus program. In a visit to the board's office Tuesday, Biden said, "We are here to send an unambiguous message that not reporting is not acceptable. These are public funds, taxpayer funds."