The Federal Budget

The president creates a budget plan with the assistance of the ___.

• Office of Management and Budget

• Congressional Budget Office

When a government is spending more money than it is making, it is operating in a(n) __.

• deficit

• surplus

• IOU

• entitlement

Discretionary spending is spending that ___.

• can be adjusted

• is required by law

• must be approved because it was requested by the president

Which are sources of government revenue? (Select all that apply)

• income taxes

• payroll taxes

• customs duties

• new legislation

Social Security and SNAP are examples of ___.

• discretionary spending

• entitlement spending

What does the president's budget fund?

• the executive branch

• the legislative branch

• the judicial branch

If the president vetoes appropriation bill(s), what could happen?

• A continuing resolution would not be possible.

• A government shutdown could occur.

• A budget resolution would be reached.

How many appropriate bills must be passed each year to fulfill the federal budget?

• 10

• 5

• 12

• 14

What does a continuing resolution do? (Select all that apply)

• It overrides a presidential veto.

• It prevents a government shutdown.

• It causes a government shutdown.

• It allows the government to continue operating at the same budget levels as the previous fiscal year.

The fiscal year for the federal government runs ___.

• from January 1 to December 31

• from June 30 to June 29

• from October 1 to September 30

• from February 1 to January 31