1ST
MONDAY
IN FEB.
The president submits
budget to Congress.
FEB.
15TH
CBO issues budget and
economic outlook report.
WITHIN SIX
WEEKS OF
PRESIDENT’S
SUBMISSION
Other committees with budgetary
responsibilities submit “views and
estimates” to budget committees.
House Budget Committee
creates its budget resolution
and the House votes on it.
Senate Budget committee
creates its budget resolution
and the Senate votes on it.
EARLY
APRIL
Budget Conference Committee
reconciles House and Senate
versions of the budget resolution.
House votes on
conference version.
Senate votes on
conference version.
BY
APRIL
15TH
Start of the
fiscal year.
OCT
1ST
After both houses approve the budget resolution,
appropriations committees draft legislation authorizing
expenditures to the relevant agencies. Each appropriations
bill must be passed by both houses and signed into law by the
president. If this process is not completed by October 1st, and
no temporary measure (a “continuing resolution”) is in place,
the government will shut down.
THE BUDGET PROCESS
APPROPRIATIONS
Answers: 1.d; 2.c
When does each house of Congress vote on its
own version of a budget resolution?
a the first Monday in February
b February 15th
c within 6 weeks of receiving the president's
budget proposal
d early April
e October 1st
If the budget process is not completed by October
1st and no temporary measure is in place
a the president withdraws his proposal.
b both houses of Congress vote on the
conference version.
c the government shuts down.
d the start of the fiscal year is postponed
until January.
e the appropriations committees draft legislation.
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