The Budget Process

THE BUDGET PROCESS $$ $$ A TIMELINE OF TARDINESS will be 1 week president's budget" a.k.a. "the late this year PRESIDENT SUBMITS BUDGET REQUEST TO CONGRESS ( the first monday in feb. ) CONGRESSIONAL BUDGET OFFICE The CBO "baseline" REPORTS TO CONGRESS ITS ASSESSMENT OF THE PRESIDENT'S BUDGET PROPOSAL (feb. 15) continuing resolution will end MAR. 4 COMMITTEES SUBMIT POLICY a.k.a."views & estimates" PRIORITIES & FUNDING REQUESTS TO BUDGET COMMITTEES (no later than 6 weeks after president submits budget) adopted by both houses; slim chance with split congress does not become law SENATE BUDGET COMMITTEE REPORTS CONCURRENT RESOLUTION ON BUDGET (apr. 1) CONGRESS COMPLETES ACTION ON CONCURRENT RESOLUTION ON THE BUDGET (apr. 15) + never happens then or without a budget can start with HOUSE MAY BEGIN TO CONSIDER ANNUAL APPROPRIATION BILLS (may 15) deadline often missed HOUSE APPROPRIATIONS COMMITTEE REPORTS LAST 7 ANNUAL APPROPRIATION BILLS (june 10) HOUSE COMPLETES ACTION 8 ON RECONCILIATION LEGISLATION (june 15) deadline often missed HOUSE COMPLETES ACTION ON ANNUAL APPROPRIATIONS BILLS (june 30) 10 FISCAL YEAR BEGINS (oct 1) THE BUDGET PROCESS $$ $$ A TIMELINE OF TARDINESS will be 1 week president's budget" a.k.a. "the late this year PRESIDENT SUBMITS BUDGET REQUEST TO CONGRESS ( the first monday in feb. ) CONGRESSIONAL BUDGET OFFICE The CBO "baseline" REPORTS TO CONGRESS ITS ASSESSMENT OF THE PRESIDENT'S BUDGET PROPOSAL (feb. 15) continuing resolution will end MAR. 4 COMMITTEES SUBMIT POLICY a.k.a."views & estimates" PRIORITIES & FUNDING REQUESTS TO BUDGET COMMITTEES (no later than 6 weeks after president submits budget) adopted by both houses; slim chance with split congress does not become law SENATE BUDGET COMMITTEE REPORTS CONCURRENT RESOLUTION ON BUDGET (apr. 1) CONGRESS COMPLETES ACTION ON CONCURRENT RESOLUTION ON THE BUDGET (apr. 15) + never happens then or without a budget can start with HOUSE MAY BEGIN TO CONSIDER ANNUAL APPROPRIATION BILLS (may 15) deadline often missed HOUSE APPROPRIATIONS COMMITTEE REPORTS LAST 7 ANNUAL APPROPRIATION BILLS (june 10) HOUSE COMPLETES ACTION 8 ON RECONCILIATION LEGISLATION (june 15) deadline often missed HOUSE COMPLETES ACTION ON ANNUAL APPROPRIATIONS BILLS (june 30) 10 FISCAL YEAR BEGINS (oct 1) THE BUDGET PROCESS $$ $$ A TIMELINE OF TARDINESS will be 1 week president's budget" a.k.a. "the late this year PRESIDENT SUBMITS BUDGET REQUEST TO CONGRESS ( the first monday in feb. ) CONGRESSIONAL BUDGET OFFICE The CBO "baseline" REPORTS TO CONGRESS ITS ASSESSMENT OF THE PRESIDENT'S BUDGET PROPOSAL (feb. 15) continuing resolution will end MAR. 4 COMMITTEES SUBMIT POLICY a.k.a."views & estimates" PRIORITIES & FUNDING REQUESTS TO BUDGET COMMITTEES (no later than 6 weeks after president submits budget) adopted by both houses; slim chance with split congress does not become law SENATE BUDGET COMMITTEE REPORTS CONCURRENT RESOLUTION ON BUDGET (apr. 1) CONGRESS COMPLETES ACTION ON CONCURRENT RESOLUTION ON THE BUDGET (apr. 15) + never happens then or without a budget can start with HOUSE MAY BEGIN TO CONSIDER ANNUAL APPROPRIATION BILLS (may 15) deadline often missed HOUSE APPROPRIATIONS COMMITTEE REPORTS LAST 7 ANNUAL APPROPRIATION BILLS (june 10) HOUSE COMPLETES ACTION 8 ON RECONCILIATION LEGISLATION (june 15) deadline often missed HOUSE COMPLETES ACTION ON ANNUAL APPROPRIATIONS BILLS (june 30) 10 FISCAL YEAR BEGINS (oct 1) THE BUDGET PROCESS $$ $$ A TIMELINE OF TARDINESS will be 1 week president's budget" a.k.a. "the late this year PRESIDENT SUBMITS BUDGET REQUEST TO CONGRESS ( the first monday in feb. ) CONGRESSIONAL BUDGET OFFICE The CBO "baseline" REPORTS TO CONGRESS ITS ASSESSMENT OF THE PRESIDENT'S BUDGET PROPOSAL (feb. 15) continuing resolution will end MAR. 4 COMMITTEES SUBMIT POLICY a.k.a."views & estimates" PRIORITIES & FUNDING REQUESTS TO BUDGET COMMITTEES (no later than 6 weeks after president submits budget) adopted by both houses; slim chance with split congress does not become law SENATE BUDGET COMMITTEE REPORTS CONCURRENT RESOLUTION ON BUDGET (apr. 1) CONGRESS COMPLETES ACTION ON CONCURRENT RESOLUTION ON THE BUDGET (apr. 15) + never happens then or without a budget can start with HOUSE MAY BEGIN TO CONSIDER ANNUAL APPROPRIATION BILLS (may 15) deadline often missed HOUSE APPROPRIATIONS COMMITTEE REPORTS LAST 7 ANNUAL APPROPRIATION BILLS (june 10) HOUSE COMPLETES ACTION 8 ON RECONCILIATION LEGISLATION (june 15) deadline often missed HOUSE COMPLETES ACTION ON ANNUAL APPROPRIATIONS BILLS (june 30) 10 FISCAL YEAR BEGINS (oct 1) THE BUDGET PROCESS $$ $$ A TIMELINE OF TARDINESS will be 1 week president's budget" a.k.a. "the late this year PRESIDENT SUBMITS BUDGET REQUEST TO CONGRESS ( the first monday in feb. ) CONGRESSIONAL BUDGET OFFICE The CBO "baseline" REPORTS TO CONGRESS ITS ASSESSMENT OF THE PRESIDENT'S BUDGET PROPOSAL (feb. 15) continuing resolution will end MAR. 4 COMMITTEES SUBMIT POLICY a.k.a."views & estimates" PRIORITIES & FUNDING REQUESTS TO BUDGET COMMITTEES (no later than 6 weeks after president submits budget) adopted by both houses; slim chance with split congress does not become law SENATE BUDGET COMMITTEE REPORTS CONCURRENT RESOLUTION ON BUDGET (apr. 1) CONGRESS COMPLETES ACTION ON CONCURRENT RESOLUTION ON THE BUDGET (apr. 15) + never happens then or without a budget can start with HOUSE MAY BEGIN TO CONSIDER ANNUAL APPROPRIATION BILLS (may 15) deadline often missed HOUSE APPROPRIATIONS COMMITTEE REPORTS LAST 7 ANNUAL APPROPRIATION BILLS (june 10) HOUSE COMPLETES ACTION 8 ON RECONCILIATION LEGISLATION (june 15) deadline often missed HOUSE COMPLETES ACTION ON ANNUAL APPROPRIATIONS BILLS (june 30) 10 FISCAL YEAR BEGINS (oct 1)