<P> Prior to 1974 , Congress had no formal process for establishing a federal budget . When President Richard Nixon began to refuse to spend funds that Congress had allocated , they adopted a more formal means by which to challenge him . The Congressional Budget Act of 1974 created the Congressional Budget Office ( CBO ) , which gained more control of the budget , limiting the power of the President 's Office of Management and Budget ( OMB ) . The Act passed easily while the administration was embroiled in the Watergate scandal and were unwilling to provoke Congress . </P>
<P> Prior to 1974 , Congress had no formal process for establishing a federal budget . When President Richard Nixon began to refuse to spend funds that Congress had allocated , they adopted a more formal means by which to challenge him . The Congressional Budget Act of 1974 created the Congressional Budget Office ( CBO ) , which gained more control of the budget , limiting the power of the President 's Office of Management and Budget ( OMB ) . The Act passed easily while the administration was embroiled in the Watergate scandal and were unwilling to provoke Congress . </P>
who controls the budget of the united states
who controls the budget of the united states
Congressional Budget Office ( CBO )
Congressional Budget Office ( CBO )