The Federal Budget Process, 2E: A Description of the Federal and Congressional Budget Processes, Including Timelines
(eBook)

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Published
TheCapitol.Net. Inc., 2018.
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eBook
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Available Online

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Language
English
ISBN
9781587332944

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APA Citation, 7th Edition (style guide)

Megan Lynch., Megan Lynch|AUTHOR., & Bill Heniff|AUTHOR. (2018). The Federal Budget Process, 2E: A Description of the Federal and Congressional Budget Processes, Including Timelines . TheCapitol.Net. Inc..

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Megan Lynch, Megan Lynch|AUTHOR and Bill Heniff|AUTHOR. 2018. The Federal Budget Process, 2E: A Description of the Federal and Congressional Budget Processes, Including Timelines. TheCapitol.Net. Inc.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Megan Lynch, Megan Lynch|AUTHOR and Bill Heniff|AUTHOR. The Federal Budget Process, 2E: A Description of the Federal and Congressional Budget Processes, Including Timelines TheCapitol.Net. Inc, 2018.

MLA Citation, 9th Edition (style guide)

Megan Lynch, Megan Lynch|AUTHOR, and Bill Heniff|AUTHOR. The Federal Budget Process, 2E: A Description of the Federal and Congressional Budget Processes, Including Timelines TheCapitol.Net. Inc., 2018.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work IDc7ab1460-030a-5d0b-0fb2-6b7fa8a5fddb-eng
Full titlefederal budget process 2e a description of the federal and congressional budget processes including timelines
Authorlynch megan
Grouping Categorybook
Last Update2024-05-15 02:00:45AM
Last Indexed2024-07-06 04:39:41AM

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Last UsedJun 22, 2024

Hoopla Extract Information

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    [synopsis] => Congress is distinguished from nearly every other legislature in the world by the control it exercises over fashioning the government's budgetary policies. This power, referred to as "the power of the purse," ensures Congress' primary role in setting revenue and borrowing policies for the federal government and in determining how these resources are spent.
The congressional power of the purse derives from several key provisions in the Constitution.

Article I, Section 8, Clause 1 (Power to tax and spend) declares in part that Congress shall have the power to raise (that is, "to lay and collect") revenues of various types, including taxes and duties, among other things.
Article I, Section 8, Clause 2 (Borrowing power) declares that the power to borrow funds "on the credit of the United States" belongs to Congress. In addition to its powers regarding revenues and borrowing, Congress exerts control over the expenditure of funds.
Article I, Section 9, Clause 7 declares in part that funds can be withdrawn from the Treasury only pursuant to laws that make appropriations.
Under the Constitution, revenue measures must originate in the House of Representatives. Beyond this requirement, however, the Constitution does not prescribe how the House and Senate should organize themselves, or the procedures they should use, to conduct budgeting. Over the years, however, both chambers have developed an extensive set of rules (some set forth in statute) and precedents that lay out complicated, multiple processes for making budgetary decisions. The House and Senate have also created an intricate committee system to support these processes.
As American society has grown and become ever more complex, and as the role of the federal government in the national economy has steadily expanded, Congress also has increasingly shared power over budgetary matters with the president and the executive branch. It has refashioned the president's role in budgeting by requiring him to submit to Congress each year a budget for the entire federal government and giving him responsibilities for monitoring agencies' implementation of spending and revenue laws. Accordingly, the president also exercises considerable influence over key budget decisions.
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