When financial markets concentrate on the fiscal health of the federal government, they miss the extent of government obligations as a whole.

So, should Europe embrace fiscal federalism in order to strengthen the eurozone and restore investor confidence? The problem is that fiscal federalism means different things to different people.

Europe needs greater fiscal federalism, not just centralized oversight of national budgets.

This position in the Federal Government of the United States is analogous to the Minister of Finance in many other countries.

When Florida s banks go belly up, state finances are insulated, because the banks are ultimately the responsibility of federal institutions.

Federal Dependencies

Micronesia, Federated States Of

This requires debt mutualization, fiscal transfers between member states, and, of course, federal institutions to give all of this legitimacy.

Most noticeably, we need federation.

It's the FBI!

All federations have experienced periods of tense relations between the federal and state governments.

Making sense of these asymmetries is difficult. When financial markets concentrate on the fiscal health of the federal government, they miss the extent of government obligations as a whole.

It was nice in our little Republic.

I'll connect you with an agent.

Federal, provincial and territorial governments have been negotiating the management of existing federal social housing resources.

And so, finally I get a hold of Aaron and, you know, Aaron's mother was like, Oh my God, FBl, FBl, FBl!

Unfortunately, the financial incentives that the federal government provides are mainly limited to helping the states to advertise and automate their programs.

For example, the Committee for a Responsible Federal Budget performed an admirable service in scoring the fiscal plans of rival candidates for the Republican nomination.

Meanwhile, the federal government makes up for a good chunk of the drop in state incomes by transfers or reduced taxes.

It's the federal government in each case.

Europe s Federalism Debate Revived

Federalism or Bust for Europe?

Federal transfers to provinces and territories

They can decide it's the federal government in each case.

We're really dealing with the federal government.

The federal government abdicated most responsibility.

This is Mr Carson, FBI.

Federal Broadcasting Network. That line is busy.

Economically, therefore, the federal budget cushions regional shocks automatically through discretionary action and stabilizing transfers to the states.

When Florida s state government goes bankrupt, Florida s banks continue to operate normally, because they are under federal rather than state jurisdiction. When Florida s banks go belly up, state finances are insulated, because the banks are ultimately the responsibility of federal institutions.

The first is simple incompetence Bush and his inner circle simply do not understand the magnitude and importance of the federal government s other fiscal problems.

Putin chose to elevate the equally mysterious Victor Zubkov, head of the Federal Financial Monitoring Service (also known as the finance espionage agency).

Because the federal government disburses fiscal allocations to Malaysia s 13 states, the government will be tempted to squeeze opposition held states.

Make anti drug policy the exclusive concern of the federal government

Okay, what about the FBl?

If you look at the federal budget, this is what it looks like.

The federal government is not allowed to print money.

He was one of the most important men in the Federal Judicial Police in our country.

The FBI's a very efficient organisation.

Many New Deal programs remain active, with some still operating under the original names, including the Federal Deposit Insurance Corporation (FDIC), the Federal Crop Insurance Corporation (FCIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA).

As Stan Collender, a noted observer of the US federal budget, has commented, No one with federal budget responsibilities actually seems to be interested in the budget.

A ruling is now pending in the Sirhan federal case.

Raised...tariffs in an effort to collect more revenue for the Federal Government.

The core protective legal institution for outside finance, the federal securities laws, didn t fall into place until the 1930 s decades after US financial markets had grown to finance America s economic rise.

We've changed FEMA guidelines. We've changed public policy.