Saturday, September 5, 2015

Looking ahead to the US Budgeting Process

The following page from Congress.gov lists the various appropriations bills that are waiting to be considered one Congress ends its recess. None are close to being passed.

- Click here to see them.

The U.S. Constitution does not contain the word Budget - but it does state that money cannot be drawn from the treasury with an appropriation made by Congress. That what these are. We will discus them further because the national government's fiscal year is about to end, and if these are not passed - or something called a supplemental appropriations is not passed - money cannot be drawn and affected agencies have to be shutdown.

The fiscal year starts October 1st.

For more background and relevant links:

- Wikipedia: Appropriations bill.
- Wikipedia: United States budget process.
- U.S. Budget for fiscal year 2016.
- 2015 Economic Report of the President.
- US House: Committee on Appropriations.
- US Senate: Committee on Appropriations.