Archive - September 16, 2017

  The fiscal year for the federal government runs from October 1 from one year to September 30 of the next year. Each year, Congress must approve a budget to fund the federal government for the fiscal year beginning October 1. The President proposes a budget and sends it to the House of Representatives.  The House is free to disregard it, if it wishes. Congress has the sole authority to fund the federal government. The Budget must begin in the House of Representatives. The Senate will also compose a version of a budget. When the two Houses are not in agreement on the budget, then there is a negotiation to arrive at a final budget. The final version goes to the President for his signature. When the two Houses of Congress cannot reach a compromise bill by September 30, then Congress may pass a Continuing Resolution. A Continuing Resolution, or . . .