In January 1918, some ten months before the end of World War I, US President Woodrow Wilson had written a list of proposed war aims which he called the Fourteen Points..
Today, discretionary spending makes up less than 40 percent of the entire budget. Net Interest-Net interest is the only part of future spending that cannot be reduced by legislative action because it is money that must be paid to service the U.S. debt.
The federal funds rate is the short-term interest rate that is normally the FOMCâs primary lever used to influence the economy and inflation. When we want to stimulate the economy, we lower the target fed funds rate. This causes other interest ratesâlike rates on car loans and mortgagesâto decline.