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United States Federal Budget
The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs. The non-partisan Congressional Budget Office provides extensive analysis of the budget and its economic effects. The budget typically contains more spending than revenue, the difference adding to the federal debt each year. CBO estimated in February 2024 that federal debt held by the public is projected to rise from 99 percent of GDP in 2024 to 116 percent in 2034 and would continue to grow if current laws generally remained unchanged. Over that period, the growth of interest costs and mandatory spending outpaces the growth of revenues and the economy, driving up debt. Those factors persist beyond 2034, pushing federal debt higher still, to 172 percent of G ...
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Medicaid
Medicaid is a government program in the United States that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by U.S. state, state governments, which also have wide latitude in determining eligibility and benefits, but the federal government sets baseline standards for state Medicaid programs and provides a significant portion of their funding. States are not required to participate in the program, although all have since 1982. Medicaid was established in 1965, part of the Great Society set of programs during Presidency of Lyndon B. Johnson, President Lyndon B. Johnson’s Administration, and was significantly expanded by the Affordable Care Act (ACA), which was passed in 2010. In most states, any member of a household with income up to 138% of the federal Poverty line in the United States#Measures of poverty, poverty line qualifies for Medicaid coverage under the provisions of the ACA. A 201 ...
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Federal Government Revenue By Type
Federal or foederal (archaic) may refer to: Politics General *Federal monarchy, a federation of monarchies *Federation, or ''Federal state'' (federal system), a type of government characterized by both a central (federal) government and states or regional governments that are partially self-governing; a union of states *Federal republic, a federation which is a republic *Federalism, a political philosophy *Federalist, a political belief or member of a political grouping * Federalization, implementation of federalism Particular governments *Government of Argentina *Government of Australia *Federal government of Brazil *Government of Canada *Cabinet of Germany *Federal government of Iraq *Government of India *Federal government of Mexico *Federal government of Nigeria *Government of Pakistan *Government of the Philippines *Government of Russia *Government of South Africa *Federal government of the United States **United States federal law **United States federal courts *Federal gove ...
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Loan Guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Private loan guarantees There are two main types: # Guarantor mortgages # Unsecured guarantor loan Guarantor mortgages Popular with young borrowers who do not have a large deposit saved and need to borrow up to 100% of the property value to purchase a property. Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default. There are three main types # Guarantor Mortgage: – generally, a parent or close family member will guarantee the mortgage debt and will cover the repayment obligations should the borrower default. # Family offset mortgage: typically, a parent or grandparent will put their savings into an account linked to the borrower’s mortgage. They do not get any intere ...
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Entitlement Program
An entitlement is a government program guaranteeing access to some benefit by members of a specific group and based on established rights or by legislation. A "right" is itself an entitlement associated with a moral or social principle, while an "entitlement" is a provision made in accordance with a legal framework of a society. In law, an entitlement is a provision made in accordance with a legal framework of a society. Typically, entitlements are based on concepts of principle ("rights") which are themselves based in concepts of social equality or enfranchisement. It is the content of a subjective right, namely the claim of a legal subject as against other persons to a legal object. United States government programs In the United States, an entitlement program is a type of "government program that provides individuals with personal financial benefits (or sometimes special government-provided goods or services) to which an indefinite (but usually rather large) number of ...
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War In Afghanistan (2001–present)
War in Afghanistan, Afghan war, or Afghan civil war may refer to: *Conquest of Afghanistan by Alexander the Great (330 BC – 327 BC), the conquest of Afghanistan by the Macedonian Empire * Muslim conquests of Afghanistan, a series of campaigns in the 7th, 8th, 9th, and 10th centuries * Mongol campaigns in Central Asia (1216–1222), the conquest of Afghanistan by the Mongol Empire * Mughal conquests in Afghanistan (1526), the conquest by the Mughal Empire * Afghan-Sikh Wars (1748–1837), intermittent wars between the Afghans and the Punjabis. * Afghan Civil War (1863–1869), a civil war between Sher Ali Khan and Mohammad Afzal Khan's faction after the death of Dost Mohammad Khan * Anglo−Afghan Wars, wars conducted by British India in Afghanistan ** First Anglo−Afghan War (1839–1842) ** Second Anglo−Afghan War (1878–1880) ** Third Anglo−Afghan War (1919) * Panjdeh incident (1885), an incursion into Afghanistan by the Russian Empire during the era of the "Great Game" * A ...
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Iraq War
The Iraq War (), also referred to as the Second Gulf War, was a prolonged conflict in Iraq lasting from 2003 to 2011. It began with 2003 invasion of Iraq, the invasion by a Multi-National Force – Iraq, United States-led coalition, which resulted in the overthrow of the Ba'athist Iraq, Ba'athist government of Saddam Hussein. The conflict persisted Iraqi insurgency (2003–2011), as an insurgency arose against coalition forces and the newly established Iraqi government. US forces Withdrawal of United States troops from Iraq (2007–2011), were officially withdrawn in 2011. In 2014, the US became re-engaged in Iraq, leading a new coalition under Combined Joint Task Force – Operation Inherent Resolve, as the conflict evolved into the ongoing Islamic State insurgency in Iraq (2017–present), Islamic State insurgency. The Iraq invasion was part of the Presidency of George W. Bush, Bush administration's broader war on terror, launched in response to the September 11 attacks. ...
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Hurricane Katrina
Hurricane Katrina was a powerful, devastating and historic tropical cyclone that caused 1,392 fatalities and damages estimated at $125 billion in late August 2005, particularly in the city of New Orleans and its surrounding area. It is tied with Hurricane Harvey as being the List of the costliest tropical cyclones, costliest tropical cyclone in the Atlantic basin. Katrina was the twelfth tropical cyclone, the fifth hurricane, and the third major hurricane of the 2005 Atlantic hurricane season. It was also the fourth-most intense Atlantic hurricane to make landfall in the contiguous United States, gauged by barometric pressure. Katrina formed on August 23, 2005, with the merger of a tropical wave and the remnants of a tropical depression. After briefly weakening to a Tropical cyclone, tropical storm over south Florida, Katrina entered the Gulf of Mexico on August 26 and Rapid intensification, rapidly intensified to a Saffir–Simpson scale, Category 5 hurricane befo ...
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Omnibus Bill
An omnibus bill is a proposed law that covers a number of diverse or unrelated topics. ''Omnibus'' is derived from Latin and means "to, for, by, with or from everything". An omnibus bill is a single document that is accepted in a single vote by a legislature but packages together several measures into one or combines diverse subjects. Many legislatures may have a tradition of extensive deliberation and debate prior to the adoption of laws, which can postpone passage of necessary legislation. Thus, in order to pass all desired laws within a reasonable timeframe, they are consolidated into a single bill and voted on quickly, typically near the end of a legislative session. Because of their large size and scope, omnibus bills limit opportunities for debate and scrutiny on the actual final bill. Historically, omnibus bills have sometimes been used to pass controversial amendments. For this reason, some consider omnibus bills to be anti-democratic. United States In the United S ...
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Authorization Bill
Authorization or authorisation (see spelling differences), in information security, computer security and IAM (Identity and Access Management), is the function of specifying rights/privileges for accessing resources, in most cases through an access policy, and then deciding whether a particular ''subject'' has privilege to access a particular ''resource''. Examples of ''subjects'' include human users, computer software and other hardware on the computer. Examples of ''resources'' include individual files or an item's data, computer programs, computer devices and functionality provided by computer applications. For example, user accounts for human resources staff are typically configured with authorization for accessing employee records. Authorization is closely related to access control, which is what enforces the authorization policy by deciding whether access requests to resources from ( authenticated) consumers shall be approved (granted) or disapproved (rejected). Au ...
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Net Present Value
The net present value (NPV) or net present worth (NPW) is a way of measuring the value of an asset that has cashflow by adding up the present value of all the future cash flows that asset will generate. The present value of a cash flow depends on the interval of time between now and the cash flow because of the Time value of money (which includes the annual effective discount rate). It provides a method for evaluating and comparing capital projects or financial products with cash flows spread over time, as in loans, investments, payouts from insurance contracts plus many other applications. Time value of money dictates that time affects the value of cash flows. For example, a lender may offer 99 cents for the promise of receiving $1.00 a month from now, but the promise to receive that same dollar 20 years in the future would be worth much less today to that same person (lender), even if the payback in both cases was equally certain. This decrease in the current value of future c ...
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