Fiscal year

Federal budget

a written document indicating the federal government's revenues and spending for the coming year

Fiscal policy

set of government spending,taxing, and borrowing policies

Appropriations Committees

submit bills to authorize spending - send to the president for his signature

Oct 1- Sept.30

time period for fiscal year

Fiscal year

12 month financial planning period

Office of Management and Budget

Government office that manages federal budget

Combine to propose the budget resolution

House and Senate budget Committee

Monetary policy controlled through Federal Reserve System

Set of procedures designed to regulate the economy by controlling the amount of money in circulation and level of interest rate

General accounting office

agency that watches over the spending of funds appropriated by congress

Congressional Budget office

gives congress independent data to help make economic decisions

Fiscal policy is made by who

made by president and congress