Federal Budget By kansadobe Period: Oct 1, 2013 to Nov 1, 2013 Agencies sent initial budget to OMB Period: Nov 1, 2013 to Nov 30, 2013 OMB reviews budgets and send back to agencies Period: Dec 1, 2013 to Dec 31, 2013 Final appeals to OMB Period: Jan 1, 2014 to Feb 20, 2014 OMB assembles budget Feb 20, 2014 President gives budget plan to congress Period: Feb 21, 2014 to May 1, 2014 House and State subcommittes hold hearings over budget with department heads and outside sources Period: May 1, 2014 to May 31, 2014 House and Senate adopt budget resolutions prepared by committe, appropriation committees make allocations Period: Jun 1, 2014 to Jun 30, 2014 House appropriations subcomittee prepare bills, Senate appropriation subcomittees revise the house bills Period: Jul 1, 2014 to Aug 30, 2014 House passes spending bills, Senate passes revised bills Period: Sep 1, 2014 to Sep 30, 2014 House-Senate conference comittees resolve differences, pass final versions of spending bills, President signs or vetos bill Oct 1, 2014 Start of 2015 fiscal year Period: Nov 1, 2014 to Dec 31, 2014 2016 Budget Process