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The Budget Reconciliation Process: Timing of Legislative Action

Robert Keith-2005-04-07-University of North Texas Digital Library (University of North Texas)

TL;DRAbstract

Reconciliation is a procedure under the Congressional Budget Act of 1974 by which Congress implements budget resolution policies affecting mainly permanent spending and revenue programs. The principal focus in the reconciliation process has been deficit reduction, but in recent years reconciliation has encompassed revenue reduction generally and spending increases in selected program areas.

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Reconciliation is a procedure under the Congressional Budget Act of 1974 by which Congress implements budget resolution policies affecting mainly permanent spending and revenue programs. The principal focus in the reconciliation process has been deficit reduction, but in recent years reconciliation has encompassed revenue reduction generally and spending increases in selected program areas.

Keywords

Budget processRevenueLegislaturePrincipal (computer security)Process (computing)Public economicsAction (physics)Economics

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