An editorial in today's Washington Examiner details the importance of the Federal Funding Accountability and Transparency Act (S. 2590), commonly known as Coburn-Obama-Carper-McCain. In the meantime, a liberal advocacy group isn’t waiting on Congress and the president. OMB Watch expects to have its own Federal Contracts and Grants Database up on its Web site later this year, thanks to a grant by the Sunlight Foundation. OMB Watch is doing the hard and expensive work of linking the U.S. Census Bureau’s Federal Assistance Awards Data System and the General Services Administration’s Federal Procurement Data System. When it’s completed, the OMB Watch database will mark a major advance in the ability of the public to hold the federal government accountable for how it spends our tax dollars.