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Article: The making of the federal budget. (Federal Focus).(Brief Article)
- Article from:
- Government Finance Review
- Article date:
- June 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In some years, the congressional budget resolution can be among the most important pieces of legislation Congress considers. In other years--this may be one--the budget resolution may not matter much at all. In fact, the common wisdom is that the Republican-controlled House and the Democratic-controlled Senate will fail to reach agreement on a budget resolution this year. If this scenario plays itself out, it would mark only the second time (the first was in 1998) that Congress has failed to produce a budget resolution since the federal budget process was established by the 1974 Congressional Budget Act (PL 93-344).
The budget resolution is Congress' annual ...