The branch of government primarily responsible for the formulation of fiscal policy is the President and his Council of Economic Advisors.

Question

Quizplus · Accepted Answer

The President and his Council of Economic Advisors are primarily responsible for formulating fiscal policy, which is the government's policy on taxes, spending, and borrowing. The legislative branch also plays a role in fiscal policy, as they have the power to pass laws related to taxes and government spending.

The Branch of Government Primarily Responsible for the Formulation of Fiscal