From the Congressional Glossary – Including Legislative and Budget Terms Function / Functional Classification photo credit: quinn.anya Categories of spending established for accounting purposes to keep track of specific expenditures. Each account is placed in the single function (such as national defense, agriculture, health, etc.) that best represents its major purpose, regardless of the agency … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Account / Appropriation Account photo credit: kenteegardin Hearing: Environmental Protection Agency Budget Account: A separate financial reporting unit for budget, management, and/or accounting purposes. All budgetary transactions are recorded in accounts, but not all accounts are budgetary in nature. Some accounts do not … Read more
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 PostsMeans of … 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
Federal assistance provided to states, local governments and Indian tribes can take the form of grants, loans, loan guarantees and tax subsidies. Such assistance is intended to provide these entities with the ability to address national objectives. photo credit: CountyLemonade One of the most common forms of financial support provided to states and localities is … 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’s Budget 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: 4nitsirk Attendees participate in a comprehensive overview and analysis of the President’s most current … 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
The President’s Budget 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: espensorvik Attendees participate in a comprehensive overview and analysis of the President’s most current … Read more
The President’s Budget 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: ewan traveler Attendees participate in a comprehensive overview and analysis of the President’s most … Read more