Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
Why the Federal Budget Process Is Broken
The federal budget process was designed for a different era, and it's showing. In this episode, Lucas and Luna break down how the U.S. budget cycle actually works, why the fiscal year starts in October, and how continuing resolutions and omnibus bills have become the norm. They look at the Congressional Budget Act of 1974, the rise of sequesters, and the impact of polarization on the appropriations process. Numbers like the 1,500-page bills and the dozens of continuing resolutions over the past decade make the case that the system is struggling. But is reform possible? Lucas and Luna…
The skinny
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