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
The United States Constitution The Borrowing Clause is one of Congress’ enumerated powers found in the Constitution of the United States, Article. I. Section. 8., clause 2: (Clause 2 – Borrowing power) [The Congress shall have Power] To borrow Money on the credit of the United States; Deficits & Debts: Crash Course … Read more
Fast-Track Procedures: Procedures that circumvent or speed up all or part of the legislative process. Some rule-making statutes prescribe expedited procedures for certain measures, such as trade agreements. The Politician Behind California High Speed Rail Now Says It’s ‘Almost a Crime’ Also see Chapter 3.A. Introduction; Chapter 7.A. Introduction; Chapter 7.L. Other Fast-Track … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Direct Spending / Mandatory Spending: Budget authority, and the resulting outlays, provided in laws other than appropriations acts. Spending controlled outside of annual appropriations acts, specifically including the Food Stamp (now SNAP) program; also referred to as mandatory spending. As defined by the Balanced Budget … Read more
The United States Constitution Article. II. (The Executive Branch) Section. 2. (Civilian Power over Military, Cabinet, Pardon Power, Appointments) The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States; he may … Read more
The United States Constitution Article. I. (The Legislative Branch) Section. 8. (Powers of Congress) (Clause 1 – Power to tax and spend) The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all … Read more
The United States Constitution Article. I. (The Legislative Branch) Section. 7. (Revenue Bills, Legislative Process, Presidential Veto) All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. Every Bill which shall have passed the House of Representatives and the Senate, … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Omnibus Bill: A measure that combines the provisions related to several disparate subjects into a single measure. Examples include continuing appropriations resolutions that might contain two or more of the twelve annual appropriations bills. See the 12 Subcommittees of the House Committee on Appropriations. The … Read more