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.
Prime rate, fed funds, COFI. What it means: The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis.The law requires banks to keep a certain percentage of their customer's money on reserve, where the banks earn no interest on it.ow it's used: Like the federal discount rate, the federal funds rate is used to control the supply of available funds and hence, inflation and other interest rates.