Congressional Budget Reform: New Decision Structures
Last December the U. S. Congress finished the first year’s trial run of new budgetary procedures required by the Congressional Budget and Impoundment Control Act of 1974. Senator Muskie, Chairman of the Senate Budget Committee reported that the new process “... has so far succeeded beyond our most optimistic expectations.”1
KeywordsPublic Choice Budgetary Process Contract Authority Federal Spending Congressional Budget Office
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