Principles of Macroeconomics Study Set 14
The President Can Change Only a Small Part of the Budget
The president can change only a small part of the budget each year.
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At any one time, there can be discussions in Congress about only one year's budget.
By law, Congress and the president must approve the budget by the beginning of the fiscal year.
The president and Congress typically settle on the budget before the beginning of the fiscal year.
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