The Federal Budget: Overview and Issues for FY2017 and Beyond

Source: Grant A. Driessen, Congressional Research Service, CRS Report, R44428, March 24, 2016

The federal budget is a central component of the congressional“power of the purse.” Each fiscal year, Congress and the President engage in a number of practices that influence short-and long-run revenue and expenditure trends. This report offers context for the current budget debate, and tracks legislative events related to the federal budget as they occur…