LATEST VERSION CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAI LED ANSWERS)

LATEST VERSION CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAI LED ANSWERS) The President is responsible to transmit the budget of the US government to congress NLT when? - CORRECT ANSWER-1st Monday in February each year Congress she process authorization legislation, which authorizes or allows programs to exist. They also pass appropriations, which provide funding for programs - CORRECT ANSWER-Congressional Action Phase The President signs the bills into law that provides legal budget authority to incur obligations and make payments out of the Treasury for specified purposes. - CORRECT ANSWER-Appropriation In the Congressional Action Phase, who holds hearing in January in preperation for drafting the concurrent resolution of the budget? - CORRECT ANSWER-Budget Committees LATEST VERSION CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) Budget Committees this to their respective houses. The resolution sets spending revenue and other budget targets for the upcoming fiscal year. - CORRECT ANSWERConcurrent Resolution - April of each year This is the process of estimating the budgetary effects of pending legislation and comparing them to a baseline such as a budget resolution or to any limits that may be set in law. - CORRECT ANSWER-Scorekeeping What data does scorekeeping track? - CORRECT ANSWERbudget authority, receipts, outlays, surplus or deficit, and the public debt No money shall be drawn from the Treasury, but in the Consequence of Appropriations made by law. - CORRECT ANSWER-Article 1, Section 9 What give Congress the authority to make laws? - CORRECT ANSWER-Article 1, Section 8 of the Constitution LATEST VERSION CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) The final step after the Conference Committee Resolution after a measure has been passed in identical form by both the House andSenate, it is considered to be what? - CORRECT ANSWER-"Enrolled" (then sent to the president) Who reviews the constitution for interpretation of the constitution? - CORRECT ANSWER-Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - CORRECT ANSWER-Congress (Legislative Branch) What does the Congress of the US consist of? - CORRECT ANSWER-Senate (6 yrs); House (2 yrs) All bills for raising Revenue shall originate where? But the Senate may propose or concur with Amendments as on other Bills. - CORRECT ANSWER-House of Representative LATEST VERSION CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) To be able to override a presidential veto, the House has to have a majority to pass the bill; and if approved, then goes to the Senate for a vote to pass the bill. If approved, the Bill becomes Law. What is the percentage the vote has to pass by in both the House & Senate? - CORRECT ANSWER-2/3 and 2/3