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Understanding the U.S. Federal Budget

The Federal Budget

The federal budget is the blueprint for our country's priorities. It determines not only what programs and services are offered Americans at the federal level, but also those that state and local governments are able to provide in communities across the nation. Nonprofits work in partnership with Federal, state, and local governments in program areas ranging from human and social services to the arts, education, science and technology, and cultural development. The federal budget provides insight and direction in determining our nation’s spending and tax policies and the ultimate fiscal sustainability of our economy.

Federal budget process
Every year, the President is required by law to publish his budget requests and Congress is responsible for passing its own budget outline in the form of a Budget Resolution.
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Efforts to restore fiscal responsibility
Congressional Budget Office (CBO) and Office of Management and Budget (OMB) estimates present a bleak forecast for our nation's fiscal future. In efforts to stabilize growing deficits while restoring fiscal responsibility, the president and Congressional leaders are continuing to debate and propose new and revised approaches for addressing the deficit.
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President's FY 2013 Budget Request
President Obama released his FY 2013 budget request to Congress on February 13, 2012.
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PPAI 2012
Public Policy Action Institute
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