Asked by Ashton McGinn on May 09, 2024
Verified
The U.S.federal budget is determined exclusively by Congress.
U.S. Federal Budget
The government's estimate of revenue and spending for a fiscal year that is proposed by the President and approved by Congress.
- Digest the intricacies and repercussions of expenditure by the government, the shortfall in the budget, and the national debt level.
Verified Answer
AP
Abhishek PathakMay 12, 2024
Final Answer :
False
Explanation :
While Congress plays a crucial role in creating and passing the budget, the process begins with the President submitting a budget request to Congress. The final budget is a result of negotiations between Congress and the President.
Learning Objectives
- Digest the intricacies and repercussions of expenditure by the government, the shortfall in the budget, and the national debt level.
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