It's been a busy day for transparency initiatives. This morning President Obama issued an executive order which will create an 11-member board led by Vice President Biden to oversee the reporting of all federal spending data. It is modeled on the Recovery Accountability and Transparency Board and similar in aims to a board proposed in the DATA Act of 2011, also introduced this morning.

We'll have more on this from our policy experts later, but for now you can read the executive order below.

Executive Order--Delivering an Efficient, Effective, And Accountable Government