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Keyword: actof1974

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  • An Analysis of the Congressional Budget Act of 1974

    02/11/2025 3:23:19 PM PST · by Sequoyah101 · 3 replies
    Naval War College Review ^ | 3/21/1977 | Lawrence J. Korb
    "The Congressional Budget Act of 1974 is, in the words of former Speaker of the House Carl Albert, the most significant congressional initiative in the last 75 years. Under it the Congress is now required by law to consider the Federal budget as a whole and to act upon it before the commencement of the fiscial year." That didn't age well. I think the process has been followed only four or five times since it began in 1975. Since 1974 budget appropriation has only been completed on time FOUR years; 1977, 1989, 1995 and 1997. Congress can't follow it and...