The federal budget is central to Congress's ability to exercise its power of the purse. Federal budget decisions also express Congress's priorities and reinforce Congress's influence on federal policies. Making budgetary decisions for the federal government is a complex process and requires balancing competing goals. Recent economic turmoil has strained the federal budget as a result of declining revenues and increasing spending levels. As the economic recovery continues, the budget process will allow the President and Congress to negotiate priorities and refine spending plans. This book...
The federal budget is central to Congress's ability to exercise its power of the purse. Federal budget decisions also express Congress's priorities an...