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Unformatted text preview: ng category through which governments can spend through
an appropriations bill
Budget Committees Deals with matters related to the federal budget
Congressional Budget Office (CBO)An agency of Congress that analyzes presidential budget recommendations and estimates the cost of proposed legislation.
Office of Management and Budget Director (OMB) Presidential staff agency that serves as a
clearinghouse for budgetary requests and management improvements for government
agencies : responsible for the oversight and administration of specific functions
Council of Economic AdvisorsA three member council that analyzes and interprets economic
developments and advises the President of the United States on national budget
Secretary of Treasuryis the head of the United States Department of the Treasury,, which is
concerned with financial and monetary matters
impoundmentAn action taken by the president in which he or she proposes not to spend all or
part of a sum of money appropriated by Congress
Budget Impoundment Control ActThe Act sets the procedures by which Congress annually
adopts a budget resolution and a concurrent resolution setting forth fiscal policy that is not
signed by the President
GrammRudmann law automatic spending cuts to take effect if the president and Congress
failed to reach established targets
sequestration during the fis...
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This note was uploaded on 02/13/2014 for the course HISTORY AP Governm taught by Professor Richardhoppock during the Fall '12 term at Hayfield Secondary.
- Fall '12