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2 - Budgeting in the United States

Published online by Cambridge University Press:  07 January 2021

George M. Guess  and
James D. Savage
George M. Guess
Affiliation:
George Mason University, Virginia
James D. Savage
Affiliation:
University of Virginia
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Summary

This chapter examines budgeting in the United States, its budgetary institutions, culture, and policies, from the founding of the republic in the 1700s through the Trump administration. The US Constitution is the world’s oldest functioning government document, and its budgetary rules reflect the country’s ongoing debate about fiscal federalism, and how the federal goverment should manage its fiscal and macroeconomic policies.

Keywords

constitutionCongresspresidentKeyensiandeficitssupply-sidesequesterdebtentitlementsfederalism
Type
Chapter
Information
Comparative Public Budgeting
Global Perspectives on Taxing and Spending
 , pp. 33 - 65
Publisher: Cambridge University Press
Print publication year: 2021

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