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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)

The Budget Process

shared by Ronnie on Sep 22
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This infographic displays how the timeline for how the U.S government deals with budget issues. It shows how the process is long and begins in February when the president submits a budget proposal to ...

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