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Q: Federal Budget Deficit ( Answered 5 out of 5 stars,   0 Comments )
Subject: Federal Budget Deficit
Category: Business and Money > Economics
Asked by: atr-ga
List Price: $2.00
Posted: 04 Oct 2005 07:23 PDT
Expires: 03 Nov 2005 06:23 PST
Question ID: 576207
How often is the US Federal Budget Deficit computed, and where can
I find the latest as well as historical numbers?

Subject: Re: Federal Budget Deficit
Answered By: omnivorous-ga on 04 Oct 2005 07:49 PDT
Rated:5 out of 5 stars
ATR --

The U.S. Federal budget year is Oct. 1 ? Sept. 30, putting us in the
early days of Fiscal Year (FY) 2006.  The president submits his budget
to Congress in early February each year, then each the House and the
Senate build a budget by passing a ?budget resolution,? usually in
April.  A joint committee works out any differences between the two
budgets, usually by the end of June, then the final budget goes to the
president.  It becomes law when signed by the president.

National Peace Corps Association
"About the Appropriations Process," (Lauren Hale, April 15, 2005)

The Congressional Budget Office or CBO is responsible for forecasts
and analyses of economic conditions and spending.  It prepares a
monthly budget review and this link is for the most-recent one done
Sept. 7, 2005 of the monthly and year-to-date numbers.  This reports
that July?s deficit was $53 billion or $5 billion lower than forecast.
 August was forecast to be $50 billion or $9 billion higher than
forecast ? but it was before the impact of two hurricanes on the Gulf
Coast, so the October report could be expected to be gloomier.

Congressional Budget Office
?Monthly Budget Review? (Sept. 7, 2005)

The historical data on the CBO site is excellent:
CBO Home Page

Google search strategy:
?federal budget? schedule
?congressional budget office?

Best regards,

atr-ga rated this answer:5 out of 5 stars

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