Understand the Federal Budget Process in 9 Minutes (Part I)
Channel: animateeducate
Date: 2012-12-31

How does the federal government decide its budget and how much to spend?  We explain the whole budget process, including the President and Congress's parts, so you can understand how the government decides how much to tax and spend.

After you watch this video, you'll understand how the federal deficit and federal debt work and how this piece of the American economy functions.

Find part two of our two part series here - https://www.youtube.com/watch?v=ZI9so16iMEU

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