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.
Federal Funds Rate. Loading the player... The federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. For example, if ABC Bank takes in $100 million in deposits, and pays out $95 million to other customers, $5 million remains at the bank for daily transactions.