2 page paper

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Business Finance

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Write a two-page paper, plus the title page and a reference page on the topic of the development of the annual President’s Budget and the Congressional Budget process. In addition to explaining the process, explain where we are currently in the cycle.

Link: https://www.nationalpriorities.org/budget-basics/federal-budget-101/federal-budget-process/


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Explanation & Answer

Attached.

Running head: PRESIDENTIAL AND CONGRESSIONAL BUDGET PROCESS

Presidential and Congressional Budget Process
Student’s Name
Institutional Affiliation
Date

1

PRESIDENTIAL AND CONGRESSIONAL BUDGET PROCESS
2
Presidential and Congressional Budgeting Process
According to the National Priorities Project (n. d), the federal budget process should
reflect the values held by a majority of American citizens and residents. As such, the budget
process is complex and involves different forces that shape its development, implementation, and
evaluation. The Constitution of the United States gives the Congress the power to access the
national coffers and these include the authority to create and collect taxes as well as borrow
funds for the federal government. This paper discusses the budget process that includes the
presidential budget as well as the Congressional budget.

The Presidential Budget
The president’s annual budget request is the process that kicks off the process when the
pr...


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