Starring Brian Stepanek and Eddie Jemison From debtlimitusa.org More “Clearing the Air on the Debt Limit,” CRS Report R45011 (33-page PDF) Public Debt / Debt Ceiling / Debt Limit (CongressionalGlossary.com) Understanding Congressional Budgeting and Appropriations Advanced Federal Budget Process The Defense Budget The Federal Budget Process Federal Budget Links and Research Tools Related PostsCombined Statement … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Discretionary usually modifies “spending,” “appropriation,” or “amount.” Discretionary spending refers to outlays from budget authority that is provided in and controlled by annual appropriation acts. Discretionary appropriation refers to those budgetary resources that are provided in appropriation acts, other than those that fund mandatory programs. … Read more
Advanced Federal Budget Process photo credit: Mr. T in DC In this 2-day course, learn how the federal budget process really works from faculty members with years of subject-matter expertise. Study important terminology and get tips to protect your budgetary interests. We provide a comprehensive overview of current budget politics and the federal budgeting process. … Read more
The federal budget process typically involves a rather complex series of legislative and executive procedures and various financial transactions. photo credit: Evelyn Proimos The term Revenue refers to income that is received by the federal government. (The executive branch also uses receipts as a term for revenue.) Revenue may be raised from a variety of … Read more
The president submits a proposed budget to Congress on the first Monday in February, although there can be some flexibility regarding the actual date of this submission. photo credit: mackarus Known as the President’s Budget, this request to Congress is used as the basis for reports prepared by congressional budget committee members and staff. Appropriations … Read more
Title III of the Congressional Budget Act requires that the President submit his proposed budget to Congress no later than the first Monday in February. The President’s budget is actually only a request made to Congress, and Congress is under no obligation to adopt the budget or consider the recommendations of the President. photo credit: … Read more
This course, held each year in mid-February, focuses on the President’s next fiscal year budget proposal released in early February. Our faculty discuss the policy initiatives of the President and how Congress will respond to them. photo credit: thelastminute Attendees participate in a comprehensive overview and analysis of the President’s most current budget, Congressional response, … Read more
The United States Constitution The War and Military Establishment Clauses are among Congress’ enumerated powers found in the Constitution of the United States, Article. I. Section. 8., clauses 11, 12, 13, and 14: Obama’s Unprecedented War Powers Claims (Clause 11 – War power) [The Congress shall have Power] To declare War, … Read more
See President’s Budget (CongressionalGlossary.com) The president’s budget, officially known as the Budget of the United States Government, is required by law to be submitted “On or after the first Monday in January but not later than the first Monday in February of each year.” (31 USC 1105). The budget contains estimates for spending as well … Read more
The United States Constitution The Fiscal and Monetary Powers Clause are two of Congress’ enumerated powers found in the Constitution of the United States, Article. I. Section. 8., clause 5 and clause 6: (Clause 5 – Money) [The Congress shall have Power] To coin Money, regulate the Value thereof, and of foreign Coin, and fix … Read more