What terms are related to budget resolution?

Related terms include: Appropriation, Reconciliation, CBO. Understanding these related concepts helps provide context for budget resolution.

Budget & Spending

Budget Resolution

Definition

A concurrent resolution that sets Congress's overall spending and revenue targets for the upcoming fiscal year. Not signed by the President.

Related Terms

Appropriation

An act of Congress that provides the legal authority for federal agencies to incur obligations and make payments from the Treasury for specified purposes.

Reconciliation

A special budget process that allows certain tax, spending, and debt limit legislation to pass the Senate with a simple majority (51 votes) instead of the usual 60.

CBO

Congressional Budget Office. A nonpartisan agency that provides economic and budgetary analysis to Congress, including cost estimates for proposed legislation.

More Budget & Spending Terms

Debt Ceiling Government Shutdown Mandatory Spending Discretionary Spending Entitlement Fiscal Year

Common Questions

What is a budget resolution?: A concurrent resolution that sets Congress's overall spending and revenue targets for the upcoming fiscal year. Not signed by the President.
What terms are related to budget resolution?: Related terms include: Appropriation, Reconciliation, CBO. Understanding these related concepts helps provide context for budget resolution.