Barack Obama vows to distribute bail-out cash responsibly

President Barack Obama has vowed "accountability, responsibility, and transparency" as he prepares to sign a $787billion stimulus package into law.

Mr Obama will sign the stimulus bill tomorrow during a visit to Denver, Colorado. He hopes it will save or create three million jobs.

There is growing disquiet in Washington that the first half of an earlier $700billion bank bailout disappeared, with few people other than bank chiefs knowing exactly where it went.

In his weekly radio address, Mr Obama insisted the same would not happen with his bailout money, which would be spent with "unprecedented accountability, responsibility, and transparency".

The president said a website will be set up allowing any American to log on and see how the money is being used.

"This is your money, you deserve to know where it's going and how it's spent," he said.