The Federal Budget
In: Congressional Policies, Practices and Procedures
Intro -- THE FEDERAL BUDGET 2013 AND BEYOND -- THE FEDERAL BUDGET 2013 AND BEYOND -- CONTENTS -- PREFACE -- Chapter 1 THE FEDERAL BUDGET: ISSUES FOR FY2013 AND BEYOND -- SUMMARY -- INTRODUCTION -- OVERVIEW -- Budget Cycle -- Budget Baseline Projections -- Spending and Revenue Trends -- Federal Spending -- Federal Revenue -- Deficits, Debt, and Interest -- Budget Deficits -- Federal Debt and Debt Limit -- Net Interest -- BUDGETING IN TOUGH ECONOMIC TIMES -- Federal Responses to the Economic Downturn -- Budget Deficit Estimates for FY2012 -- Budget for FY2013 -- Obama Administration's FY2013 Budget -- What Do These Baselines Reflect? -- Major FY2013 Budget Proposals -- Congressional Consideration of the FY2013 Budget Resolution -- CONSIDERATIONS FOR CONGRESS -- Addressing the Budget Deficit -- Tax Provisions -- Budget Control Act of 2011 -- Other Short-Term Considerations -- General Budget Issues -- Budget Transparency -- Long-Term Considerations -- APPENDIX. BUDGET DOCUMENTS -- CBO Documents -- OMB Documents -- End Notes -- Chapter 2 REDUCING THE BUDGET DEFICIT: POLICY ISSUES -- SUMMARY -- INTRODUCTION -- WHAT POLICY CHANGES HAVE BEEN TAKEN TO REDUCE THE DEFICIT SO FAR? -- HOW LARGE ARE PROJECTED DEFICITS UNDER CURRENT POLICY? -- WHY ARE DEFICITS PROJECTED TO DECLINE? -- HOW MUCH DEFICIT REDUCTION IS NECESSARY? -- HOW QUICKLY SHOULD THE DEFICIT BE REDUCED? -- POLICY OPTIONS FOR DEFICIT REDUCTION -- Federal Spending -- Discretionary Spending -- Mandatory Spending -- Revenues -- CONCLUSION -- End Notes -- Chapter 3 THE BUDGET CONTROL ACT OF 2011: EFFECTS ON SPENDING LEVELS AND THE BUDGET DEFICIT -- SUMMARY -- INTRODUCTION -- STATUTORY LIMITS ON DISCRETIONARY SPENDING -- What Happens to Discretionary Spending Under the BCA Relative to Historical Trends? -- Comparing Discretionary Savings Relative to Other Measures