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Political
Economy of the U.S. Budget
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1.
Actors |
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There are
numerous players in the political economy of the U.S.
budget. In the Executive Office, the Office of
Management and Budget as well as the Departments play an
important role. In the U.S. Congress it is the
Congressional Budget Office (CBO) and several
committees, such as does for budget or ways and means.
To get an overview go first to this
website. |
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OMB |
Presents
his Economic
Report and usually hopes for the best. |
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CBO |
The team
of advisers on all sorts of economic issues |
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U.S.
Congress |
This is a
gateway to the legislative branch with the House
of Representatives and the Senate. |
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Committees |
An
overview of Senate
Committees as well as HOR
Committees can be found here. |
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2.
Political Process und Reforms |
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The
easiest description of the budgetary process is provided
by the might be found under this link.
A more comprehensive one (but from 1996) is here.
Note that there have been several reforms of the budget
processes in the past, some important acts since the
1980 are listed below: |
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1985 |
Balanced
Budget and Emergency Deficit Control Act (GRH 1)
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1987 |
Amendment
to
GRH 1 (so-called GRH 2)
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1990 |
Budget
Enforcement and Control Act
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1996 |
Line-item
Veto Act (declared as unconstitutional in 1998) |
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