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Review and enactment

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Q: What is the second phase of the budget process which involves congressional review and subcommittee?
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What is the budget of Congressional Budget Office?

The budget of Congressional Budget Office is 46,800,000 dollars.


Why was the congressional budget office created in 1974?

The 1974 Congressional Budget and Impoundment Control Act modified the role of Congress in the federal budgetary process. It created standing budget committees in both the House and the Senate, established the Congressional Budget Office, and moved the beginning of the fiscal year from July 1 to October 1.