Skip to content

Take Control of Your Health with Health & Wellness Benefits from AARP Specially Selected for Members. Check Them Out!

 
National Debt Glossary

Impoundment

An action or inaction by the President or a federal agency that delays or withholds the obligation or expenditure of budget authority provided by law.

SOURCE: Congressional Research Service

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

GO TO THIS ARTICLE