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.
What the Fedâs interest rate increase means for pension funding. News that the Federal Reserve raised the federal funds rate for the first time in nearly ten years has so far had little affect on long-term, high-quality corporate bond rates, the key measurement to how sponsors of defined benefit plans price future liabilities.