The congressional budget timeline sequence runs: (1) By the first Monday in February, the president submits his budget. (2) By February 15, the Congressional Budget Office (CBO) submits its Budget and Economic Outlook Report. (3) Not later than six weeks after the president submits the budget, authorizing committees submit their views and estimates to the House and Senate Budget Committees. (4) By April 1, the Budget Committee reports a concurrent resolution on the budget. (5) By April 15, Congress completes action on the concurrent resolution on the budget. (6) On May 15, annual appropriations bills may be considered in the House. (7) By June 10, the House Appropriations Committee reports the last annual appropriation bill. (8) By June 15, Congress completes action on reconciliation legislation. (9) By June 30, the House completes action on annual appropriations bills. (10) On October 1, the new fiscal year begins.
Glossary Term