THE BUDGET PROCESS AGENDA I. Basic Concepts and Terms Timetable of the Budget Process Stages of the Budget Process Budget Authority Budget Outlays Committee Allocation Basic Federal Budgeting Terminology II. The President's Budget Submission The President's Budget The Executive Budget Process Timetable The Role of the President in Budget Development III. The Concurrent Resolution on the Budget The Budget Resolution Functional Categories of the Federal Budget Allocations and Subdivisions in the Congressional Budget Process IV. Budget Enforcement Points of Order in the Budget Process Discretionary Spending Limits Pay-As-You-Go Rules in the Federal Budget Process The Sequestration Process Timetable for Sequestration Actions V. Budget Reconciliation History and Purpose Reconciliation Instructions Budget Committee's Role House and Senate Consideration VI. The Role of the Appropriations Process The Appropriations Process Points of Order in the Appropriations Process Floor Consideration of Appropriation Bills VII. The Senate Summary of the Byrd Rule