Evan Vucci, Associated Press
WASHINGTON — The District of Columbia government has identified roughly $400 million in additional reserve funds that it may be able to use to keep the city running if the federal shutdown continues.
Councilmember Jack Evans says the additional money would allow the city to meet payroll in two weeks. He says most of it comes from a mandatory cash flow reserve fund.
Evans says Attorney General Irvin Nathan is reviewing the legal ramifications of using the money during the shutdown. A spokesman for Mayor Vincent Gray says Nathan hasn't yet signed off on using the money. But Evans is confident the money will be made available if needed. The city has nearly exhausted the emergency fund it's been using since the shutdown began.
- Disney ending funding to Boy Scouts in 2015...
- Girl Scouts asked to end partnership with Barbie
- Obama administration allows 2-year extension...
- New Ukraine prime minister: Crimea will...
- Looking to win a battle in the 16th century?...
- 23 Mormon missionaries in Ukraine transferred...
- Former baseball star Mariano Rivera rescues,...
- US announces visa restrictions on Russians
- No longer loyal to Boy Scouts of... 51
- Obama administration allows 2-year... 22
- Putin: Russia has right to use force in... 21
- Disney ending funding to Boy Scouts in... 20
- Thousands march in pro-invasion rally... 11
- Obama appeals to Democrats in 2015... 11
- Former IRS official Lois Lerner again... 10
- Ukrainian software professionals... 10