One of the most powerful agencies in Washington, the __________ assists in the preparation of the federal budget and monitors federal agencies throughout the year.
A) Council of Economic Advisers
B) Office of Management and Budget
C) Department of Budget and Commerce
D) House Ways and Means Committee
E) Senate Budget Committee

Question

Quizplus · Accepted Answer

The Office of Management and Budget (OMB) is responsible for assisting the President in preparing the federal budget and overseeing the performance of federal agencies throughout the year. The Council of Economic Advisers (CEA) advises the President on economic policy, but does not play a direct role in budget preparation and monitoring. The Department of Budget and Commerce does not exist as a federal agency. The House Ways and Means Committee and Senate Budget Committee are congressional committees that have oversight of budgetary and tax matters, but they do not have the same level of power and influence as the OMB, which is a part of the executive branch.

One of the Most Powerful Agencies in Washington, the __________