Government accounting is a notoriously slippery and manipulative process. By switching around just a few numbers it is possible to add or subtract billions of dollars from the books. Whenever I hear government officials quoting numbers about how much a project will cost or how much money will be...
Word Decomposition 官 guān government official; governmental; official; public; organ of the body; (Chinese surname) 场 chǎng large place used for a specific purpose; stage; scene (of a play); measure word for sporting or recreational activities; measure word for number of exams...
but the process is time-consuming. They often resort to passing a temporary extension, called a continuing resolution or CR, to allow the government to keep operating
In the private sector, someone with contract authority is authorized to negotiate and sign a contract on behalf of a person or parent company. As with a government agency preparing a contract, civilians with contract authority cannot personally produce the funds at the time the contract is negotia...
Congress has until midnight Friday to come up with a way to fund the government, or federal agencies will shutter.
What is the meaning of confiscatory? (Entry 1 of 2) 1 : appropriated by the government : forfeited. 2 :deprived of property by confiscation. confiscate. Is confiscatory a word? characterized by, effecting, or resulting in confiscation. ...
What is tax due diligence? Taxes: Taxies are monetary levies that are imposed by a government on its citizens, business entities, and those who carry out the economic activity within their jurisdiction. Taxes are used for many things, including providing services like education, health care, infr...
“CR” stands for “continuing resolution,” and it’s a temporary spending bill that lets the federal government stay open and operating before Congress and the president have approved a more permanent appropriation. A“clean CR” is essentially a bill that extends existing appropriations, at the...
Appropriation is when money is set aside for a specific purpose. A company or a government appropriates funds in order to delegate cash for the necessities of its operations. Appropriations for the U.S. federal government are decided by Congress through various committees. A company might appropri...
The main sources of income to fund these programs are taxes and the issuance of government debt. Over the past decades, the U.S. has run a budget deficit, meaning that it spends more than it receives in revenue. The federal budget is often politicized by both sides of the Congressional ...