The proposition that opportunity cost, the value of foregone production, increases as the quantity of a good produced increases. This fundamental economic principles can be seen in the production possibilities schedule and is illustrated graphically through the slope of the production possibilities curve.
Senate Passes Government Funding Bill. 940. WASHINGTON -- The Senate passed the $1.1 trillion government funding bill Saturday night that will keep Uncle Sam in business through next September, while handing lucrative Christmas presents to Wall Street and political parties.
The U.S. Congress is the legislative branch of the federal government and makes laws for the nation. Congress has two legislative bodies (houses): the U.S. Senate and the U.S. House of Representatives. Anyone elected to either body can propose a new law. Proposals for new laws are called bills. Learn more: How a bill becomes law when it originates in the House of Representatives Active legislation in the House. How a bill becomes law when it originates in the Senate Active legislation in the Senate.