President unveils 2015 budget proposal
So what’s next in the federal budgetary process? Both the House and Senate will have an opportunity to question administration officials about their (the President’s) budget requests. Then, both chambers will draft their own budget resolutions. The chambers will then go to a conference committee, resolve their differences and pass a final budget resolution by April 15. The budget resolution and its accompanying report will serve as the official blueprint for Congress as it allocates federal dollars during the fiscal year.
That’s how it’s supposed to work anyway.
In reality, it often takes longer – sometimes Congress does not pass a budget resolution at all. In fact, the Senate went nearly 1,450 days without a budget resolution until finally agreeing to one on March 23, 2013. In recent years, rather than going through the “on the books” appropriations process, Congress has operated under continuing resolutions to fund the federal government.
So again, if the President’s budget will never become law, what’s the point of the whole process? It builds on the President’s messages outlined in the annual State of the Union address and outlines priorities for the upcoming year. For some, it provides reason to get to work and support the administration. For others, it’s merely a heads up reminder about potential challenges that lie ahead.
How about you – what are your thoughts on President Obama’s latest budget proposal?
- DuPont Crop Protection to sell certain assets to Bayer
- New research study shows the value of neonicotinoids
- Alltech Crop Science acquires South African distributor
- Monsanto invests to transform plant breeding
- Fungicide-resistant soybean diseases spreading
- Most crop futures are starting Thursday on a strong note
- ValueAct buys stake in fertilizer dealer Agrium
- Critics of Dow herbicide sue U.S. EPA over approval
- Six tips to help professionals take leaps of faith
- Nitrogen fertilization rates for corn production
- Landmark Services Co-op, Curry Seeds sign agreement
- No-till may not bring boost in global crop yields
- Los Angeles City Council votes to explore ban on GMO plants
- ASA issues statement on EPA’s neonicotinoid study
- Economist: Taxing P could reduce risk of algal blooms
- Commentary: Government wants farmers to quit farming
- Resistant weeds not controlled by fall residuals
- First responders need to prepare for agroterrorism