Question

The budget-making process rests with the: question 15 options? congress u.s. treasury president's council of economic advisors u.s. treasury in cooperation with the fed

Answer 1

The budget making process rests with the Congress.

In the United States, the budget making process rests with the Congress. This budget process is where the president submits a budget request to the Congress, and the the House of Senate pass the budget resolution. Thus, a national budget calculates how much is expected to be spent and gained during a period of time.

In the budget, the revenue estimate and the spending plans of the government are outlined. When the spending is higher than expected revenues, it is called a budget deficit and then the government needs to borrow funds to cover the deficits.

Hence, option A is correct.

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