budget resolution

Examples of budget resolution in the following topics:

• Budget Resolutions

  • Congress must create an annual budget resolution in response to the President's budget request according to the Congressional Budget and Impoundment Control Act of 1974 (also known as the Congressional Budget Act) .
  • The budget resolution binds Congress, but it is not law since it is not sent to the President.
  • April 15th is the target date for congressional adoption of the budget resolution set by the Congressional Budget Act.
  • In some instances, Congress has not adopted a budget resolution.
  • The Congressional Budget and Impoundment Control Act of 1974 (Congressional Budget Act), created during the Nixon administration, established the current budget resolution process.

• The Cost of Maintaining the Government

  • The Budget committees each submit a budget resolution by April 1.
  • Budget resolutions specify funding levels for appropriations committees and subcommittees.
  • The next step is the drafting of a budget resolution.
  • The United States House Committee on the Budget and the United States Senate Committee on the Budget are responsible for drafting budget resolutions.
  • A budget resolution, which is one form of a concurrent resolution, binds Congress, but is not a law, and so does not require the President's signature.

• Authorization and Appropriation

  • The budget resolution adopted by Congress provides a blueprint for later authorization and appropriations measures.
  • Meanwhile, appropriations acts provide new budget authority for programs, activities, and agencies that have been authorized by authorization committees.
  • An unauthorized appropriation is a new budget authority for agencies or programs either without authorization or where the budget authority exceeds the authorized ceiling.

• Sunset Laws

  • The Congressional Budget Act governs the role of Congress in the budget process.
  • Among other provisions, it affects Senate rules of debate during the budget reconciliation, not least by preventing the use of the filibuster against the budget resolutions.
  • The Byrd rule was adopted in 1985 and amended in 1990 to modify the Budget Act and is contained in section 313.

• The Election Year Budget

  • However, Congress is the body required by law to pass a budget annually and to submit the budget passed by both houses to the President for signature.
  • The annual budget deficit is the difference between actual cash collections and budgeted spending (a partial measure of total spending) during a given fiscal year, which runs from October 1 to September 30.
  • The 1996 United States federal budget was the United States federal budget to fund government operations for the fiscal year 1996, which was October 1995 – September 1996.
  • The shutdowns were triggered by the expiration of continuing resolutions.
  • This budget request is President Obama’s first on-time budget proposal since 2011.

• Divided Government

  • A "funding-gap" was created when the two chambers of Congress failed to agree to an appropriations continuing resolution.
  • The Democratic-led Senate passed several amended continuing resolutions for maintaining funding at then-current sequestration levels with no additional conditions.
  • Political fights over this and other issues between the House on one side and President Barack Obama and the Senate on the other led to a budget impasse which threatened massive disruption.
  • The deadlock centered on the Continuing Appropriations Resolution, 2014, which was passed by the House of Representatives on September 20, 2013.
  • Some of the law's funds also come from multiple-year and "no-year" discretionary funds that are not affected by a lack of a continuing resolution.

• The Conflict-Resolution Function

  • Both the Senate and the House have a conflict-resolution procedure before a bill is passed as a piece of legislation.
  • Joint resolutions are the normal way to propose a constitutional amendment or declare war.
  • On the other hand, concurrent resolutions (passed by both houses) and simple resolutions (passed by only one house) do not have the force of law, but they express the opinion of Congress or regulate procedure.
  • This is an ad hoc committee that includes both senators and representatives and uses a reconciliation process to limit budget bills.
  • Both Houses use a budget enforcement mechanism informally known as "pay-as-you-go" or "pay-go" which discourages members from considering acts which increase budget deficits.

• Preparing the Budget

  • The Office of Management and Budget (OMB) performs key tasks in preparing the presidential budget request that is submitted to Congress.
  • A great deal of preparation goes into the president's budget request submission, which is entitled, Budget of the U.S.
  • The structure of the OMB facilitates the preparation of the budget and the later submission of that budget to Congress.
  • The Office of Management and Budget plays a key role in preparing the president's budget request to Congress.
  • Summarize the key role played by the Office of Management and Budget in shaping the President's budget request

• Arguments for and Against Balancing the Budget

  • Balanced budgets, and the associated topic of budget deficits, are a contentious point within both academic economics and politics.
  • A balanced budget, particularly a government budget, is a budget with revenues equal to expenditures.
  • There is neither a budget deficit nor a budget surplus; in other words, "the accounts balance. " More generally, it refers to a budget with no deficit, but possibly with a surplus.
  • Balanced budgets, and the associated topic of budget deficits, are a contentious point within academic economics and within politics.
  • If balanced budgets were required and if the budget was in deficit during a recession, critics argue that the required cuts would make the economy even worse off.

• The Role of the Federal Budget

  • However, Congress is the body required by law to pass a budget annually and to submit the budget passed by both houses to the president for signature.
  • These include the Government Accountability Office (GAO), Congressional Budget Office (CBO), the Office of Management and Budget (OMB), and the U.S.
  • The federal budget also is one mechanism for conducting fiscal policy.
  • Congress is responsible for passing the Federal Budget.
  • Describe how the federal budget is created and its economic role