Definition
When the executive branch refuses to spend money that Congress has appropriated. Presidential penny-pinching that led to a constitutional crisis in the 1970s and resulted in Congress finally saying "we meant spend it."
Example Usage
Nixon's impoundment of environmental funds prompted Congress to pass the Budget Control Act limiting executive spending discretion.
Origin
Presidential practice dating to Jefferson, becoming controversial under Nixon
Fun Fact
The Congressional Budget and Impoundment Control Act of 1974 was passed specifically to stop Nixon from unilaterally deciding which appropriated funds to spend.
Source: Federal budget law documentation
Related Terms
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See “impoundment” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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