Shining daylight on the Judgment Fund

It’s the little things that count. Greatness is in the details. These wise words hold true in so many areas of life, from family to health to personal finance.

It also holds true for government finance. Here, the little things, those obscure accounts tucked away in Washington’s cobwebby corners, can swell into some very big, very bad things.

One such obscure account is the Judgment Fund.

The Judgment Fund is a little-known account within the U.S. Treasury Department. Created more than 60 years ago, it’s used to pay certain court judgments and settlements against the federal government. Most Americans have never heard of it. Though rarely seen in headlines, this one account pays out billions of taxpayer dollars each year.

 

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