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Congress recieves the president's budget
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The CBO submits a budget report to the House and Senate Budget Committees, including an analysis of the president's budget.
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Other committees submit reports on outlays and revenues to Budget Committees in each house.
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Budget Committees report concurrent resolution on the budget, which sets a total for budget outlays, an estimate of expenditures for major budget categories, and the recommeded level of revenues.This resolution acts as an agenda for the remainder of the budgetary process.
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Congress completes action on concurrent resolution on the budget.
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Annual appropriations bills may be considered in the House.
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House Appropriations Committee reports last annual appropriations bill.
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Congress completes action on reconciliation legislation, bringing budget totals into conformity with established cielings.
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House completes action on annual appropriation bills.
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The new fiscal year begins.
