Since 1977, when the present system for presidency budgeting went into impact, the US Congress has handed all of its spending payments by the fiscal 12 months deadline solely 4 occasions. Throughout that interval, the federal government has shut down because of the lack of funding both totally or partially not less than 20 occasions.
On this video, we have a look at how the present budgeting course of is meant to work and the best way it truly performs out more often than not, and attempt to reply why it is so onerous for the federal authorities to satisfy one in all its most simple capabilities: funding itself on time.
(producer: Tanya Lukyanova; senior producer: Andrew Satter; government producer: Josh Block)
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