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The Budget and Accounting Act of 1921 requires the President of the United States to submit his budget request to Congress for the following fiscal year. Current law (31 U.S.C. § 1105) requires the president to submit a budget no earlier than the first Monday in January, and no later than the first Monday in February. Typically, presidents submit budgets on the first Monday in February. The budget submission has been delayed, however, in some new presidents' first year when the previous president belonged to a different party.

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