The Federal Budget Process
The Federal Budget is the government’s financial plan for the United States. During this process, congress develops a budget resolution determining the amount of money the federal government can spend each year. The main stages of the federal budget process include: the president’s budget request, the congressional budget resolution, appropriation measures and the budget reconciliation process.
Stage One: The President’s Budget Request
The Federal Budget process often begins with a proposal from the President to the United States Congress that contains a thorough budget request for the upcoming year; which begins on October 1st. The submission of the proposal usually occurs on or before the first Monday in February.…