CNNMoney.com: Obama: Stimulus will not be squandered

From CNNMoney.com:

President Barack Obama met Friday with 85 mayors from across the country to discuss the implementation of city-related funding from the $787 billion stimulus package.  "You shouldn't have to succeed despite Washington; you should be succeeding with a hand from Washington, and that's what you're getting now," Obama said at a White House reception.  "This plan does more to lay a new foundation for our cities' growth and opportunity than anything Washington has done in generations."  The economic stimulus package sets aside billions of dollars for highway construction, transit improvements, school modernization and community development block grants. Obama promised that the money would not be squandered or lost to graft and corruption.  "What is required in return is unprecedented responsibility and accountability on all our parts," he said.  "If a federal agency proposes a project that will waste that money, I will not hesitate to call them out on it, and put a stop to it," he added.