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Q: Who presents the final federal budget to Congress at the beginning of the calendar year?
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Congress created the Federal Deposit Insurance Corporation in order to?

NovaNET Answer: protect people's savings accounts.


What year did federal minimum wage go into effect?

The federal minimum wage first went into effect in 1938. At that time, Congress set the minimum wage at 25 cents per hour.


Who owns the securities at the Federal Reserve?

The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States.The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution.However, the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute.


How may a citizen sue the government in the US court of federal claims?

Because of its sovereign immunity the United States Government cannot be sued without its consent. Congress set up the Court of Claims in 1855 to hear pleas of people with claims against the government. The Court of Claims was later renamed the United States Court of Federal Clams(1993). This court is composed of 16 judges who were appointed by the President and approved by the Senate. Each judge serves a 15 year term. They hold trials hearing claims for damages against the Federal Government. They choose which claims to uphold and the claims will be paid when Congress appropriates the money for it. Appeals may be carried to the Court of Appeals for the Federal Circuit.


What is the job of the OMB?

The Office of Management and Budget is part of the executive office of the president. It reviews and approves proposed federal agency budgets before forwarding the budget request to Congress. Only Congress can appropriate money for federal agencies, although as a rule of thumb, they end up modifiying only about 10 to 15 percent of the budget request. The timeline goes something like this: since the federal fiscal year starts Oct. 1, the president has to send the budget to Congress by early February. So, OMB reviews agency spending plans during the summer, sending a "passback" (i.e., proposed changes) to agencies in the fall. A final consolidated budget is then sent to Congress by late winter. The budget side is the largest part of OMB. The "management" side issues directives for federal agencies to comply with in the managament of information technology projects, financial statements, etc. How seriously those directives are taken depends partly on who issues them and the size of the receiving department. A smaller agency has more to fear from OMB then, say, the Defense Department.

Related questions

Where is the 2008 federal pay period calendar?

The 2008 federal pay period calendar can be found on the official website of the U.S. Office of Personnel Management (OPM). You can search for it using keywords like "OPM federal pay period calendar 2008."


Why isn't congress part of the federal government?

Congress IS the federal government.


What is an example of Congress using legislation to explain the meaning of a part of the Constitution?

Congress established the lower federal courts


Who makes federal laws?

- Congress - Senate - House of Reprensentative - U.S. or national legislature


Can congress appropriate money to the federal government?

Yes, it is true that Congress can appropriate money to the federal government. This is how federal departments are funded.


Where can you find the 2011 federal Pay Calendar?

OhMyGov! has the best Federal Pay Calendar for 2011 so far. If you want to know when that money will appear in your bank account, or if you are looking for more information, including all those federal holidays, pay periods and your payroll dates, you have a choice between the following detailed pay calendars either Justice's federal pay calendar for 2011 or DoD's federal pay calendar for 2011.


What is an accurate statement about the federal court system?

Congress has the power to create new federal courts.


Federal laws are implemented by who?

congress ^^ It's definitely NOT Congress. I got that question wrong on PLATO. It is Federal Agencies.


Is the federal government the congress?

The Congress is the Legislative Branch of the government but it is PART of the entity commonly referred to as the Federal Government.


Where can I buy a 2012 Federal Holidays calendar?

There are several websites from which you can purchase the 2012 Federal Holidays calendar. Some of these websites include: www.opm.gov/Operating_Status_Schedules/.../index.asp and www.usafederalholidays.com/.


Is congress paid by the federal gov or state capitols?

Federal


Is the Federal Trade Commission a federal agency created by Congress?

No, it did go through Congress as the Federal Trade Commission Act, but it was created by president Woodrow Wilson.