
What Are Discretionary Spending Caps?
There is one cap for national defense and another cap for non-defense programs.
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There is one cap for national defense and another cap for non-defense programs.
Federal trust funds bear little resemblance to their private-sector counterparts.
https://www.pgpf.org/budget-basics/budget-explainer-what-are-federal-trust-funds
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
While a 10-year window is currently the standard, the number of years covered by budget resolutions has varied.
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
Sequestration was designed to be a blunt instrument, whose arbitrary effects would be so undesirable that they would compel policymakers to reach compromise on budget legislation rather than allow the cuts to go into effect.
CBO plays a vitally important role in the federal budget process.
The Fiscal Ship challenges you to put the federal budget on a sustainable course.
CBO was formally established as a nonpartisan agency, and that has been a critical and enduring part of the office's effectiveness.