From the Congressional Glossary – Including Legislative and Budget Terms Unemployment Rate / Employment-Population Ratio Unemployment and the Unemployment Rate As defined by the Bureau of Labor Statistics (BLS), the number of people who do not have jobs but have actively looked for work in the prior 4 weeks and are currently available … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Appropriated Entitlement photo credit: rainy city Appropriated Entitlement: an entitlement whose source of funding is in an annual appropriation act. However, because the entitlement is created by operation of law, if Congress does not appropriate the money necessary to fund the payments, eligible recipients may … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Offsetting Collections photo credit: Seth Tisue Collections authorized by law to be credited to appropriation or fund expenditure accounts. They result from (1) businesslike transactions or market-oriented activities with the public, (2) intragovernmental transfers, and (3) collections from the public that are governmental in nature … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Trust Fund / Trust Fund Accounts photo credit: Fristle Funds collected and used by the Federal Government for carrying out specific purposes and programs according to terms of a trust agreement or statute, such as the Social Security trust funds. Accounts designated as “trust funds” … Read more