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Federal in sentence

1805 examples of Federal in a sentence

That leaves only about one-third of total federal spending from which to cut, and much of that goes to the defense budget, which Republicans will attempt to protect in the future.
So the structure established by the August 2 law concentrates deficit reduction on the “discretionary non-defense” part of the federal budget, which is only about 10% of it.
The first three elements of the American formula for growth cost money, and that money is included in the “discretionary non-defense” part of the federal budget now targeted by the debt-ceiling legislation.
Of course, Germany fails to recognize that successful monetary unions like the United States have a full banking union with significant risk-sharing elements, and a fiscal union whereby idiosyncratic shocks to specific states’ output are absorbed by the federal budget.
It became an “optimal currency area” only in the 1930’s, when the federal government gained the power to ease asymmetric shocks, for example, by conducting fiscal transfers.
The federal government’s construction binge – a concrete cornucopia of dams, roads, ports, and much else – helped America overcome the Great Depression.
A strong federal regulatory framework could help to ensure this result, while minimizing the environmental and safety risks associated with extraction.
Other proposals include easing the immigration of highly skilled individuals, particularly graduates from US universities; addressing distortions in international trade and investment; developing a more sustainable federal budget framework; streamlining taxes and regulations; and initiating an ambitious infrastructure program.
The Fed traditionally responds to a downturn by sharply reducing the short-term federal funds rate.
At its meeting in December, the Federal Open Market Committee’s median forecast for the federal funds rate at the end of 2019 was still a very low 2.9%.
And they had been willing to overlook growing evidence of Trump’s sexual hijinks during his marriage to the first lady, Melania (including apparent payoffs to a porn star and others for silence), in exchange for policy influence and appointments of social conservatives to the Supreme Court and throughout the federal judiciary.
Parents and children are under the aegis of different federal agencies.
So why isn’t a federal system equally fragile?
And early this month, California Governor Jerry Brown signed a bill declaring California a “sanctuary state” – a mostly symbolic gesture indicating that the state will not fully cooperate with the Trump administration’s efforts to enforce federal immigration law.
At the national level, congressional Republicans’ ill-fated attempt to repeal and replace the 2010 Affordable Care Act (Obamacare) sought to shift more responsibility to the states through federal block grants.
And yet, the Republican tax-reform proposal that is now being discussed would eliminate a federal tax deduction for state and local taxes that other states consider a subsidy for high-tax states like California and New York.
It has now taken the first step toward returning its benchmark policy interest rate – the federal funds rate – to a level that imparts neither stimulus nor restraint to the US economy.
The federal funds rate was held at a 46-year low of 1% through June 2004, before being raised 17 times in small increments of 25 basis points per move over the two-year period from mid-2004 to mid-2006.
The debate in the markets is whether there will be two or three rate hikes of 25 basis points per year – suggesting that it could take as long as four years to return the federal funds rate to a 3% norm.
The Fed cut its short-term federal funds rate to near-zero in 2008 and did not begin to increase it above 1% until 2017.
Even now, the federal funds rate is lower than the annual inflation rate.
The Fed’s Open Market Committee has now projected that it will raise the federal funds rate to 2.4% by the end of 2018, to 3.1% by the end of 2019, and to 3.4% by the end of 2020.
The Fed’s projected increase in the federal funds rate will put upward pressure on the ten-year interest rate.
And even if that does not cause the Fed to raise the federal funds rate at a faster pace, higher inflation by itself will cause investors to demand higher long-term rates to compensate for the loss of their funds’ real value.
The federal government is scheduled to borrow more than $1 trillion in 2019 and subsequent years.
The Congressional Budget Office projects that the federal debt held by the public will grow from 78% of GDP now to nearly 100% over the next decade.
The long-term interest rate will therefore be driven higher by rising short-term rates as the Fed normalizes monetary policy, higher inflation in response to tighter labor and product markets, and the explosion of the federal debt that needs to be absorbed by investors.
And if that weren’t bad enough, the bill intentionally penalizes higher-tax states like California and New York, by capping the federal deduction for state and local income and property taxes.
In the meantime, progressive federalists in forward-looking states and cities must get to work picking up the pieces of the wreckage the federal government is leaving in its wake.
Similarly, some have proposed replacing state income taxes with payroll taxes that employers can deduct at the federal level.
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