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The Federal Budget Process

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The Federal Budget Process
1. The federal budget is the process through which annual federal spending and revenue decisions are prepared (Patterson, 2013, p.388). The Constitution allocates that congress has the power to tax and spend; however, the president who is the chief executive plays a significant role in determining the budget (Patterson, 2013, p. 338). The federal budget process begins in the executive branch when the president is in consultation with the Office of Management and Budget (OMB) who establishes general budget guidelines (Patterson, 2013, p. 338). Furthermore, the OMB is part of the executive office of the president that also receives its orders from the president of the U.S. (Patterson, 2013, p.338). In addition, the OMB uses the president’s
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