The following timetable is used to guide the federal budget process each year (see 2. U.S.C. 631)
Date | Action |
1st Monday in February |
President's budget submission (includes OMB sequester preview report and adjustments to spending caps). |
February 15 | CBO budget and economic outlook report |
Within 6 weeks of President's budget | Committees submit views and estimates to the Budget Committees |
April 1 | Senate Budget Committee reports resolution |
April 15 | Congress completes budget resolution. If not, Chairman of House Budget Committee files 302(a) allocations; Ways and Means is free to proceed with pay-as-you-go measures |
May 15 | Appropriations bills may be considered in the House |
June 10 | House Appropriations reports last bill |
June 15 |
Congress completes action on reconciliation reconciliation (if applicable) |
June 30 | House completes action on annual appropriation bills |
July 15 | President submits mid-session review |
October 1 | Fiscal year begins |