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N.J. District Courts To Run Out of Money October 18, 2013

Per The N.J. Law Journal:

"As the federal government shutdown enters its third week, the federal courts in New Jersey are facing a day of reckoning.  The U.S. District Court for the District of New Jersey projects that fee income and other resources will enable it to continue to function through Friday.

"'The Judiciary has severely restricted spending during that period so that limited additional funding now exists," the court said in an announcement. "Spending rates and fund balances will continue to be monitored closely in hope that adequate funds may be available to allow courts to operate through the end of the work week — October 18.'

"What happens after Friday is unclear. Government officials were unavailable for comment Monday because of the Columbus Day holiday.

"'We're all holding our breath and waiting to see what happens,' says Gerald Krovatin, president of the Association of the Federal Bar of New Jersey."

Full article after the jump...