Vocabulary

Vocabulary for Chapter 14

Chapter Sections

14.1 – Introduction

14.2 – Who Controls the Budget Process?

• Congressional Control of Federal Spending: 1789- 1921
• Presidential Dominance of Budget Making: 1921-1974
• Nixon and Congress Clash
• Shared Control of Budget Making: 1974 to the Present

14.3 – The Federal Budget Cycle

• Phase One: The Executive Branch Prepares a Budget Proposal
• Phase Two: Congress Crafts a Budget Resolution
• Phase Three: Congress Enacts Appropriation Bills
• Phase Four: The New Fiscal Year Begins ... Or Does It?

14.4 – Where the Money Comes from and Where It Goes

• The Federal Government's Revenue Sources
• Mandatory Spending: Entitlements and Interest
• Discretionary Spending: Defense, Government Services, and Pork

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14.5 – Funding State and Local Government

• State and Local Versus Federal Budget Making
• How State and Local Governments SpendTheir Funds

Summary

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