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Over the weekend, while policymakers in the House and Senate seemed to be at a standstill in negotiations on the next legislative package to help address the economic effects of the pandemic, President Trump signed executive actions related to unemployment insurance, payroll tax relief, student debt, and housing evictions. Those actions seem to have raised more questions than answers for many about who can enact federal spending and tax policies.
Regardless of whether the actions are upheld, budgetary decisions are best made through a transparent process in which all participants carry out their assigned roles. Responsible budgeting is one of the most important functions of the federal government. Ideally, following a logical process that leads to thoughtful policymaking would be the best way to contribute to a sustainable fiscal outlook and a healthy economy.
To learn more about the U.S. budget process — and how it is supposed to work — visit the sources below:
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