Executive Policymaking

Executive Policymaking
Автор книги: id книги: 1910691     Оценка: 0.0     Голосов: 0     Отзывы, комментарии: 0 3575,09 руб.     (33,18$) Читать книгу Купить и скачать книгу Купить бумажную книгу Электронная книга Жанр: Экономика Правообладатель и/или издательство: Ingram Дата добавления в каталог КнигаЛит: ISBN: 9780815737964 Скачать фрагмент в формате   fb2   fb2.zip Возрастное ограничение: 0+ Оглавление Отрывок из книги

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A deep look into the agency that implements the president’s marching orders to the rest of the executive branch The Office of Management and Budget (OMB) is one of the federal government’s most important and powerful agencies—but it’s also one of the least-known among the general public. This book describes why the office is so important and why both scholars and citizens should know more about what it does. The predecessor to the modern OMB was founded in 1921, as the Bureau of the Budget within the Treasury Department. President Franklin D. Roosevelt moved it in 1939 into the Executive Office of the President, where it’s been ever since. The office received its current name in 1970, during the Nixon administration. For most people who know about it, the OMB’s only apparent job is to supervise preparation of the president’s annual budget request to Congress. That job, in itself, gives the office tremendous influence within the executive branch. But OMB has other responsibilities that give it a central role in how the federal government functions on a daily basis. OMB reviews all of the administration’s legislative proposals and the president’s executive orders. It oversees the development and implementation of nearly all government management initiatives. The office also analyses the costs and benefits of major government regulations, this giving it great sway over government actions that affect nearly every person and business in America. One question facing voters in the 2020 elections will be how well the executive branch has carried out the president’s promises; a major aspect of that question centers around the wider work of the OMB. This book will help members of the public, as well as scholars and other experts, answer that question.

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Andrew Rudalevige. Executive Policymaking

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EXECUTIVE POLICYMAKING

The Role of the OMB in the Presidency

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In addition to shutdowns, threats to not increase the debt limit further increase budgetary uncertainty. The statutory limit on the national debt was created in 1917 in reaction to the need to provide continuing funding for World War I. Before that, Congress had to pass separate authorizations when additional borrowing was needed, in order for the Treasury to borrow money. In contemporary times, however, the statutory debt limit has been used as a “fiscal suicide vest” in which the full faith and credit of the United States is put at risk for one party to extract concessions on fiscal policy. Treasury Secretary Jack Lew observed: “the debt limit has morphed into a weapon that irresponsible actors in Congress can wield against our economic well-being.”79

From 2011 to 2019 the debt limit was approached several times. In these cases the Treasury Department shifted cash balances and took extraordinary measures (that is, shifting funds among accounts; for example, from Social Security and Medicare trust funds) to pay its ongoing expenses. In the final resolution of each of these disputes, Congress suspended the debt ceiling until a specific date, when a new round of negotiating over fiscal policy had to begin.80

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