Budget2

2015 Budget Timeline

By Beekachu

  • 1

    1
    Congress recieves the president's budget
  • Period: to

    2015 FEDERAL BUDGET TIMELINE

  • 2

    2
    The CBO submits a budget report to the House and Senate Budget Committees, including an analysis of the president's budget.

  • 3

    3
    Other committees submit reports on outlays and revenues to Budget Committees in each house.

  • 4

    4
    Budget Committees report concurrent resolution on the budget, which sets a total for budget outlays, an estimate of expenditures for major budget categories, and the recommeded level of revenues.This resolution acts as an agenda for the remainder of the budgetary process.

  • 5

    5
    Congress completes action on concurrent resolution on the budget.

  • 6

    6
    Annual appropriations bills may be considered in the House.

  • 7

    7
    House Appropriations Committee reports last annual appropriations bill.

  • 8

    8
    Congress completes action on reconciliation legislation, bringing budget totals into conformity with established cielings.

  • 9

    9
    House completes action on annual appropriation bills.

  • 10

    10
    The new fiscal year begins.