Sequestration is the automatic reduction (i.e., cancellation) of certain federal spending, generally by a uniform percentage. The sequester is a budget enforcement tool that was established by Congres...
In wartime, without sufficient raw materials available in useable form, militaries and companies manufacturing defense equipment may struggle to resupply materiel fast enough to keep up with equipment...
The Earned Income Tax Credit (EITC) is a refundable tax credit that boosts the income of eligible low-income workers, especially those with children. Because the credit is refundable, an EITC recipien...
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA; P.L. 108-173) established a voluntary, outpatient prescription drug benefit under Medicare Part D, effective January 1,...