Nobody downloaded yet

Presidents Budget and the Congressional Budget process/overriding national and international policies that effect U.S. economy and its impact on transportation and logistics management - Assignment Example

Comments (0) Cite this document
Summary
The annual President’s Budget is submitted to Congress for approval. The President’s annual budget proposal contains a detailed proposal of the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Presidents Budget and the Congressional Budget process/overriding national and international policies that effect U.S. economy and its impact on transportation and logistics management
Read TextPreview

Extract of sample
"Presidents Budget and the Congressional Budget process/overriding national and international policies that effect U.S. economy and its impact on transportation and logistics management"

Download file to see previous pages argues that after Congress receives the President’s budget, it commences on considering budgetary legislation and budget resolution for the next fiscal year from 1st October. It then takes into account a number of measures that empower Congress to apportion funds to various programs for every fiscal year. Congress decision making capability is overseen by the rules of the House and Senate, and the Budget Act (Kramer, 2012).
According to Wessel, the one question that is constantly asked is whether the incoming or outgoing president is going to submit the budget, pertaining to the upcoming financial year. Prior to 2001, outgoing presidents submitted the Presidential budget to Congress before vacating the Oval Office and in turn, their predecessors changed their budget to match their goals. However, unlike other previous regimes, the government of George W Bush in 2001 did not revise the budget of his predecessor, Bill Clinton. Since 2001, the budget has been submitted by George W. Bush in 2001 and Barrack Obama in 2009. Changes in the budget process can be attributed to an increase in government spending on security and tax cuts which have led to budgetary deficits (Wessel, 2012).
According to Schick et al., prior to Barrack Obama assuming office in 2009, the previous three incoming Presidents who either revised or submitted their predecessor’s budget, didn’t do so until April of their first year of presidency. However, every one of them gave Congress advice pertaining to the overall state and variations of the budgetary and economic policies via a special message. The message was relayed to Congress in February while simultaneously submitting a presentation to Congress in a joint session (Schick et al., 2000).
The two presidents since 2001 have not taken their position with a predecessor’s budget in place. According to the 1921 Act, Presidents are entitled to submit revisions on Presidential Budgets to Congress at any time. On February 28 2001, President ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Presidents Budget and the Congressional Budget process/overriding Assignment”, n.d.)
Presidents Budget and the Congressional Budget process/overriding Assignment. Retrieved from https://studentshare.org/military/1683595-presidents-budget-and-the-congressional-budget-processoverriding-national-and-international-policies-that-effect-us-economy-and-its-impact-on-transportation-and-logistics-management
(Presidents Budget and the Congressional Budget process/Overriding Assignment)
Presidents Budget and the Congressional Budget process/Overriding Assignment. https://studentshare.org/military/1683595-presidents-budget-and-the-congressional-budget-processoverriding-national-and-international-policies-that-effect-us-economy-and-its-impact-on-transportation-and-logistics-management.
“Presidents Budget and the Congressional Budget process/Overriding Assignment”, n.d. https://studentshare.org/military/1683595-presidents-budget-and-the-congressional-budget-processoverriding-national-and-international-policies-that-effect-us-economy-and-its-impact-on-transportation-and-logistics-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Budget
The common types of budget are performance budget, cash budget and budget fore cast. Performance budget is based on anticipated revenues and expenses that are anticipated to be incurred in the future (Millett, 2011). Cash budget predicts how the available revenues will be utilized to accomplish a project (Millett, 2011).
5 Pages(1250 words)Assignment
Government Fiscal Policy/Budget Deficits and the National Debt
This recession made the federal government under the leadership of president Obama to come up with a stimulus package program in the year 2009. The package was commonly known as fiscal policy and it was focusing at economic stimulation via financing government project to create direct employment opportunities.
3 Pages(750 words)Assignment
Education Budget Cuts And Its Negative Impact
t, which is used to assist students who are willing to undertake academic achievements or complete their education, before stepping into the workforce. In most cases, the following are the two common ways in which the resources are used. Firstly, the resource is used in public
7 Pages(1750 words)Essay
Budget Planning
First, an under budget could imply that an organization lacked enough labor to do the forecasted work, meaning the scheduled work is in peril and the most likely course of action is to go over budget to hire more people to complete the
1 Pages(250 words)Assignment
Project Management Capstone - Schedule, Budget, and Controls
Finally, I identify the specific tools that you are proposing to use for this project. Given that preparation of a schedule and a budget involves several actions, a budget calendar can be
4 Pages(1000 words)Assignment
Budget
Nevertheless, for the previous fiscal year, the anticipated plan has on average revenues totaling $2.5million. The infrastructure improvement budget suggests expenses totaling to a tune of around $1.7 million, with an additional $0.5 Million in
2 Pages(500 words)Assignment
Public Budget
Budgeting involves predicting the future expenses of an entity. It provides the relationship between financial resources and human activities in order to fulfill the policy
4 Pages(1000 words)Assignment
Budget
No one is to miss practice or attending the main competition events due to lack of funding. The activities are in line with the sports program’s mission statement that emphasizes on participation and athletic
1 Pages(250 words)Assignment
Budget Proposal
2013 witnessed a budget deficit of $1.2 trillion and a total debt burden of $17 trillion. Though America through continuous effort has reduced its target budget deficit of $4 trillion by almost 50%, but still it
4 Pages(1000 words)Assignment
Budget Assignment
This money is divided into two; $750 million to the MTA and $750 million for the DOT capital programs. DOT operates, maintains, and administers State and local agencies and public
3 Pages(750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic Presidents Budget and the Congressional Budget process/overriding national and international policies that effect U.S. economy and its impact on transportation and logistics management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us