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’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
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
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
Dissatisfaction with the federal tax system has led to a debate about U.S. tax reform, including proposals for a national consumption tax. One type of proposed consumption tax is a value-added tax (VAT), widely used around the world. A VAT is levied on the difference between a business’s sales and its purchases of goods and … 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