as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how does the federal government manage its budget?
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the federal government manages its budget by setting priorities and making financial decisions based on those priorities. the federal budget process begins with the president submitting a budget request to congress, which includes detailed descriptions of federal spending and revenue. congress then holds hearings, introduces and considers legislation, and ultimately approves the budget. the president then signs the budget into law and the departments and agencies of the federal government implement the approved budget.
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