Congressional Budget and Impoundment Control Act of 1974

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  • The Federal Budget Process

    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.…

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