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Fox Business: Federal Government Blows $4.6M on Lobster Tails and Crab in Single Month

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Federal government blows $4.6M on lobster tails and crab in single month

 
By: Paul Conner
 

Federal government employees chowed down on $4.6 million worth of lobster tail and crab in a single month last year, according to a report from Open the Books.

The spending spree was part of a use-it-or-lose-it binge at the end of fiscal year 2018, the group said, which occurs every year as agencies use up their budgeted money by Sept. 30 so that they don’t get less money the following year.

"More than half of [the spending] was in the last week," Openthebooks.com CEO Adam Andrzejewski told FOX Business. "Incredibly, one out of every 10 contracts procured during the entire year was spent in the last week."

 

According to the National Bureau of Economic Research, federal agencies spend, on average, 4.9 times more in the last week of the fiscal year than in a typical week.

Iowa Sen. Joni Ernst complained about the annual spending spree in a speech on the Senate floor in September.

 

"‘Tis the season in Washington," Ernst said. "Government agencies are going on their annual ‘Christmas in September, use-it or lose-it’ shopping spree. If not spent by midnight on Sept. 30, leftover dollars expire and can no longer be used."

 
To read the original article, click here
 

FOX Business’ Megan Henney and Henry Fernandez contributed to this report.

 

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