1、1 The Office of Management and Budget (OMB) projects that under President Bushs proposalsthe FY2005 unified budget deficit will be $427 billion, with deficits continuing but decliningthrough FY2010. The Congressional Budget Office (CBO) projects, under its baseline budgetprojections (which do not as
2、sume any changes in policy), that the FY2005 unified budget deficitwill be $368 billion, with a surplus returning in FY2012. For further information on the currentbudget deficit projections, see OMB, Budget of the U.S. Government, Fiscal Year 2006(Washington: GPO, 2005), Table S-1, p. 343; and CBO,
3、The Budget and Economic Outlook:Fiscal Years 2006-2015, Jan. 2005, Summary Table 1, p. xiv.Congressional Research Service? ?The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21752Updated May 11, 2005Federal Budget Process Reform:A Brief OverviewBill Heniff Jr.Ana
4、lyst in American National GovernmentGovernment and Finance DivisionRobert KeithSpecialist in American National GovernmentGovernment and Finance DivisionSummaryIn 2005, during the first session of the 109th Congress, the House and Senate facea wide array of budget process reform proposals, pertaining