Fiscal

To do with government money: taxes, spending and borrowing.

In more detail

Fiscal policy is what Congress and the President decide about taxing and spending. It's different from monetary policy, which is the Federal Reserve setting interest rates.

In a sentence

"Lawmakers have to agree on the fiscal year's budget by October 1."

Related words

Filed under money and the economy in the glossary, with every word used on How I Lean.

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