Call it what you want — the “budget flush,” “federal Black Friday,” or the “federal holiday spending season” — but the government’s unofficial spending deluge is underway.
For more than four decades, federal agencies have been federally mandated to spend all of their allotted budget or face having it taken away. From August through the end of September have traditionally seen the heaviest spending by federal agencies.
“There are 55 shopping days left this year,” Bill Gormley, president and managing partner at the Gormley Group, said in a conference panel at a Bloomberg Government conference in McLean, Va. The next three months will see the heaviest spending of the year for federal agencies, he said.
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