The federal budget is central to Congress's ability to exercise its
"power of the purse". Recent economic turmoil put strain on the
federal budget due to declining revenues and increasing spending
levels. Subsequently, policies enacted to restrain spending, along
with an improving economy, have put the federal budget on a more
sustainable path in the near term. In this book, the authors
discuss issues in the federal budget for FY2014 and beyond. Key
questions that should be considered when evaluating balances in
federal accounts are discussed, and frequently asked questions in
the sequestration as a budget enforcement process are answered.
General
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