Understanding Complex Budget Terms and Processes: What is Budget Reconciliation?
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
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Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
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For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/learn-more
America faces a growing crisis. Our federal government has accumulated a $13.6 trillion debt over the last few decades, and this debt is expected to grow significantly in coming years.
Budget Explainer: What's at Stake with Discretionary Spending Cuts
https://www.pgpf.org/budget-basics/budget-explainer-whats-at-stake-with-discretionary-spending-cuts
The defense share of the federal budget has averaged 21 percent over the past two decades.