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The budget of the United States government for fiscal year 2007 was produced through a budget process involving both the legislative and executive branches of the federal government. While the Congress has the constitutional " power of the purse ", the President and his appointees play a major role in budget deliberations.
Pages in category "United States federal budgets by year" The following 34 pages are in this category, out of 34 total. ... 2007 United States federal budget;
Each year, the President of the United States submits a budget request to Congress for the following fiscal year as required by the Budget and Accounting Act of 1921. Current law ( 31 U.S.C. § 1105 (a)) requires the president to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February.
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As of the fiscal year 2019 budget approved by Congress, national defense is the largest discretionary expenditure in the federal budget. [14] Figure C provides a historical picture of military spending over the last few decades. In 1970, the United States government spent just over $80 billion on national defense.
Like households, the federal government must live within the confines of a budget. However, those confines are much, much larger than the spending limits of the average household -- or any ...
US federal budget crosses grim milestone as interest payments overtake defense spending. ... the average federal deficit was $138 billion per year. In the 2000s, it was $318 billion. In the 2010s ...
The 2008 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2007 – September 30, 2008. The requested budget was submitted to the 110th Congress on February 5, 2007. [1] The government was initially funded through a series of four temporary continuing resolutions.