1. Gov Review Video #42: Making The Federal Budget
Everything You Need To Know About Making The Federal Budget To Succeed In Gov.

2. The Main Players The President Office of Management and Budget (OMB)
Congress
Congressional Budget Office
Interest Groups
Agencies

3. The President & OMB Mick Mulvaney
By law, the president must propose a budget to Congress each year
Reflect the ideas and beliefs of the president
Lower taxes for companies, more spending on social programs, etc.
OMB works all year analyzing and preparing the budget
Increases in one area usually is offset by cuts elsewhere, or raising taxes
Mick
Mulvaney

4. Congress And the CBO Keith Hall Congress passes the budget
House Ways and Means and the Senate Finance Committees focus on taxes
Congressional Budget Office:
Congress’s version of the OMB
Most members of Congress want to use credit-claiming
Federal $ for a local project
Keith
Hall

5. Interest Groups
Interest groups will lobby/advocate Congress for funds that benefit them
Interest group for farmers will advocate farm subsidies

6. Agencies
Government agencies (video #34) will advocate the same, or increased funding
This makes it hard to cut funding

7. Iron Triangle!!!
Iron Triangle (Video #17

8. Test Tips Multiple-Choice: Iron Triangle
Groups involved in making the budget
Free Response:
How the budget is made
Role of each group

9. See You Back Here For Video #43: Keynesian and Supply-Side Economics
That’s it!
Best of luck this year