From the Congressional Glossary – Including Legislative and Budget Terms President’s Budget photo credit: Navin75 The document sent to Congress by the President in January or February of each year, as required by law (31 U.S.C. § 1105), requesting new budget authority for federal programs and estimating federal revenues and outlays for the upcoming fiscal … 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
The Council of Economic Advisers and Policymaking Keith Hennessey has an excellent discussion from 2010 of the organization of the economic policy team inside the White House. I think I can instead add a little value by describing the different positions that make up the President’s economic team, and in particular by explaining … Read more