Want this question answered?
Impoundment. This was a presidential power dating from the early days of Constitutional governance in the US through 1974, when provisions of the Impoundment Act of 1974 made it almost impossible for a President to not spend appropriated funds. Thomas Jefferson in 1801 is the first President to impound funds, refusing to spend monies appropriated by Congress. his power was used by Presidents until the end of the Nixon Administration. The Impoundment Control Act of 1974 provides that a President may propose the rescinding of specific funds, but that rescission must be approved by both the House of Representatives and Senate within 45 days. However, since there is no requirement for Congress to vote on a rescission request. Without a requirement to vote on the rescission, Congress has effectively removed the Presidential impoundment power since Congress has ignored the vast majority of such Presidential requests. In 1996, Congress sought to grant the President a "line item veto"; the ability to "veto" or impound approved Congressional spending by vetoing a specific budget line items. Unfortunately, this ran afoul of the Presentment Clause of the Constitution, and the Supreme Court struck down the "line item veto" in 1998.
The Congress
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is a government agency that provides economic data to Congress.[1] The CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. With respect to estimating spending for Congress, the Congressional Budget Office serves a purpose parallel to that of the Joint Committee on Taxation for estimating revenue for Congress, the Department of the Treasury for estimating revenues for the Executive and estimates required for the Congressional budget process. This includes projections on the effect on national debt[2] and cost estimates for legislation. Section 202(e) of the Act requires submission by CBO to the House and Senate Committees on the Budget periodic reports about fiscal policy and to provide baseline projections of the federal budget. This is currently done by preparation of an annual Economic and Budget Outlook plus a mid-year update. The agency also each year issues An Analysis of the President's Budgetary Proposals for the upcoming fiscal year per a standing request of the Senate Committee on Appropriations. These three series are designated essential titles distributed to Federal Depository Libraries and are available for purchase from the Government Printing Office. CBO also prepares reports and issues briefs and provides testimony often in response to requests of the various Congressional Committees. It also issues letters responding to queries made to it by members of Congress. The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint the CBO Director, after considering recommendations from the two budget committees. The term of office is four years, with no limit on the number of terms a Director may serve. Either House of Congress, however, may remove the Director by resolution. At the expiration of a term of office, the person serving as Director may continue in the position until his or her successor is appointed. - http://en.wikipedia.org/wiki/Military_budget
minority party
Control of trade by Congress would hurt their economy.
The United States federal law that controls the Congress role in the budget process is the Congressional Budget and Impoundment Control Act of 1974. The Act removed the impoundment power of the president.
Congressional Budget Office
The 1974 Congressional Budget and Impoundment Control Act modified the role of Congress in the federal budgetary process. It created standing budget committees in both the House and the Senate, established the Congressional Budget Office, and moved the beginning of the fiscal year from July 1 to October 1.
C. its role in planning the budget.
They control congress.
When a president refuses to spend money that Congress appropriates, ii is called impoundment of funds. This was a power that that was first exercised by the U.S. President Thomas Jefferson in 1801. In 1974, the Impoundment Control Act was enacted to limit this power of presidents.
Impoundment. This was a presidential power dating from the early days of Constitutional governance in the US through 1974, when provisions of the Impoundment Act of 1974 made it almost impossible for a President to not spend appropriated funds. Thomas Jefferson in 1801 is the first President to impound funds, refusing to spend monies appropriated by Congress. his power was used by Presidents until the end of the Nixon Administration. The Impoundment Control Act of 1974 provides that a President may propose the rescinding of specific funds, but that rescission must be approved by both the House of Representatives and Senate within 45 days. However, since there is no requirement for Congress to vote on a rescission request. Without a requirement to vote on the rescission, Congress has effectively removed the Presidential impoundment power since Congress has ignored the vast majority of such Presidential requests. In 1996, Congress sought to grant the President a "line item veto"; the ability to "veto" or impound approved Congressional spending by vetoing a specific budget line items. Unfortunately, this ran afoul of the Presentment Clause of the Constitution, and the Supreme Court struck down the "line item veto" in 1998.
The Congressional Budget and Impoundment Control Act is a U.S. federal law passed by the United States Congress specifying that the President may propose to Congress that funds be rescinded. If both the Senate and the House of Representatives have not approved a proposal within 45 days of session, any funds being withheld must be made available for obligation. It also reformed the U.S. budget process to create a unified process that joined the various congressional committees that were responsible for some aspect of the budget before. It has been amended many times, but the original Act that was made in 1974 remains the basis of today's procedures.
This power has essentially been removed by the Budget Control Act of 1974. It meant that the president could refuse to spend money appropriated by Congress. See the related link for more information.
congressional Republicans win full control of Congress for the first time since 1954
The president does not directly control the finances of the country, but he can send his recommendations to Congress and lobby Congress to act on his proposals. He can veto legislation that expands the debt and work with Congressional leaders to control the deficit. He can accept the responsibility for the taxes increases and spending cuts that are necessary .
The first specific method of congressional oversight identified by the writer is the ability of Congress "to supply or deny funds based on their perception of the effectiveness of the bureaucracy." The second specific method of congressional oversight identified by the writer is the ability of Congress, through legislation, to control the jurisdiction of the bureaucracy (i.e. How "the bureaucracy performed it s job or what they were entitled to do.")