The annual speech that the president gives to the congress is known as the State of the Union. The speech allows presidents to report the condition of the nation and to outline their legislative agenda and priorities.
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The president is required to give an annual State of the Union address to Congress, and presidents frequently use this speech as an opportunity to propose a legislative agenda for Congress.
The State of the Union speech or address is what they call this constitutionally mandated report to Congress. The report may be written or oral and does not have to be given every year, but modern presidents have been giving it annually in person to a joint session of Congress in January.
All. Presidents do not pass budgets. Congress does.
Congress approves an annual budget.
Section 3. He shall from time to time give to the Congress information of the state of the union, and recommend to their consideration such measures as he shall judge necessary and expedient; he may, on extraordinary occasions, convene both Houses, or either of them, and in case of disagreement between them, with respect to the time of adjournment, he may adjourn them to such time as he shall think proper; he shall receive ambassadors and other public ministers; he shall take care that the laws be faithfully executed, and shall commission all the officers of the United States.