The Budget Control Act of 2011, CRS Report R41965, August 19, 2011 (52-page PDF) Budget “Sequestration” and Selected Program Exemptions and Special Rules, CRS Report R42050, June 13, 2013 (35-page PDF) The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester, CRS Report R42675, November 9, 2012 (15-page PDF) The … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Office of Management and Budget / OMB The core mission of OMB is to serve the president of the United States in implementing his vision across the executive branch. OMB is the largest component of the Executive Office of the President. It reports directly to … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Congressional Budget Office / CBO Introduction to the Congressional Budget Office The Congressional Budget Office (CBO) and Government Accountability Office (GAO) principally serve congressional committees with a variety of reports. The Congressional Budget Office assists Congress in understanding the economic and fiscal environment … Read more
From the Congressional Glossary – Including Legislative and Budget Terms OMB Circular No. A-11 Johnny Paycheck singing A-11 OMB Circular A-11, updated annually, instructs agencies how to prepare their budget submissions. Provides detailed guidance to executive departments and establishments by the Office of Management and Budget (OMB) for preparing and submitting … Read more
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