Wednesday, October 2, 2013

143-year-old law has Washington treading gingerly during shutdown

Steve Liesman reports at CNBC,
"The law is the Antideficiency Act, passed by Congress in 1870 (and amended several times), which prohibits the government from incurring any monetary obligation for which Congress has not appropriated funds.

"In shutting down the government, most memos cite the law as the reason. The Government Accountability Office says employees who violate the Antideficiency Act may be subject to disciplinary action, suspension and even 'fines, imprisonment, or both.'"

(via Crivello Carlson Twitter feed)