Here is the synopsis of our sample research paper on Federal Budget Process - The Role Of Congress. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 5 page paper. The budget process is outlined in the Congressional Budget and Impoundment Control Act of 1974. The process begins with the President submitting a proposed budget to the congress on the first Monday in February. This paper describes the activities of both bodies of Congress beginning with the process of agreeing on the budget resolution. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGfedbdg.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
towards government spending than any of the six largest industrialized nations in the world (Office of Management and Budget, 2001). The budget process is supposed to begin on
the first Monday of each February and it is supposed to be concluded by October 1 of that same year (U.S. Government Information Resources, 2000). This is because the federal
fiscal year begins on October 1 of each year (U.S. Government Information Resources, 2000). Very often, the Congress does not meet these dates (U.S. Government Information Resources, 2000). There is
a specific process for budget process that is supposed to follow the following timeline: * Under the Congressional Budget and Impoundment Control Act of 1974, the President is required to
submit a proposed budget to the Congress for the following fiscal year on the first Monday in February (U.S. Government Information Resources, 2000). The President bases the proposed budget on
a great deal of information, including input from Federal Agencies February (U.S. Government Information Resources, 2000). The proposed budget is to include estimated revenue and spending and borrowing levels that
are identified and separated into functional categories February (U.S. Government Information Resources, 2000). The Presidents budget is actually prepared by the White Houses Office of Management and Budget (OMB) following
the guidelines the President has specified (Office of Management and Budget, 2001). The Presidents proposed budget is the starting point for the Congress to begin its deliberations February (U.S. Government
Information Resources, 2000). It should be noted that the Congress is under no obligation to adopt any part of the Presidents proposed budget and it typically makes major and dramatic
changes to the proposal February (U.S. Government Information Resources, 2000). Since the President has the final approval or veto of the budget, the Congress usually attempts to reach compromises and
...