support from both parties for policy, e.g., a bipartisan foreign policy.
when federal expenditures exceed federal revenues for a one year period.
the federal government's practice of spending more money than it takes in as revenues.
elimination of federal regulations on private companies
federal benefit payments to which recipients have a legal right, e.g., social security. Also known as uncontrollables
taxing and spending policies.
requiring that those who receive federal benefits show a need for them.
Federal Reserve Board's regulation of the supply of money in circulation.
total debt owed by the federal government due to past borrowing. Also known as the public debt.
federal financial aid to individuals, e.g., welfare, food stamps, agricultural subsidies.