Recommendations for Improving Congressional Control Over Budgetary Outlay and Receipt Totals: Report

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U.S. Government Printing Office, 1973 - 52 lappuses

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9. lappuse - In holding hearings pursuant to subdivision (A), the committee shall receive testimony from the Secretary of the Treasury, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, and such other persons as the committee may desire.
8. lappuse - Congress created the Bureau of the Budget (now the Office of Management and Budget) to review the morass of agency budgetary information and to approve agency budget requests.
33. lappuse - ... accounts for which the revenue is earmarked. All trust fund payments are made from the specific trust funds accounts. Trust funds surplus receipts are invested in Federal securities (public debt or Federal agencies obligations). At the end of fiscal year 1971 the trust funds owned $96,000,000,000 of public debt securities.
33. lappuse - I ncome taxes (individuals and corporations), most excise taxes, estate and gift taxes, customs duties, and miscellaneous receipts are paid into the Federal funds accounts from which all Federal funds expenditures are piad. All trust funds receipts are paid into the specific trust fund accounts for which the revenue is earmarked. All trust fund payments are made from the specific trust funds accounts Trust funds surplus receipts are invested in Federal securities (public debt or Federal agencies...
7. lappuse - ... spending reductions. The fact that no legislative committee has the responsibility to decide whether or not total outlays are appropriate in view of the current situation appears to be responsible for much of the problem.
33. lappuse - The unified budget concept includes both Federal funds and trust funds for receipts and outlays. Federal funds correspond roughly to the old administrative concept used by the Federal Government prior to fiscal
17. lappuse - Commission have to be appointed by the Speaker of the House or the President Pro Tempore of the Senate.

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