As the clock ticks down on fiscal 2017, an estimated $98 billion in federal agency contract obligations remains unspent.
Federal agencies have until the end of September to spend an estimated $488 billion approved by Congress for their operations in fiscal 2017, or about $2.5 billion a day, according to data compiled by Bloomberg Government.
An estimated $390 billion had been spent as of Aug. 22. Any available funds not under contract by the end of next month will be returned to the Treasury.
The Department of Defense leads all federal agencies with $60 billion available to spend through the end of September, which represents about one out of five of its estimated, year- end spending total. The Department of State leads all agency shares of estimated, unspent obligations, at 41 percent.
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