Federal Budget 101

In Fiscal Year 2012, the federal government will spend over $3.7 trillion. That's a lot of money.

How much do you know about the federal budget?

If your answer is "not much," you're not alone. In fact, very few people have an in-depth knowledge about the federal budget process or its impact on their daily lives.

"Federal Budget 101" is designed to give you a guided tour of the budget. We outline how the federal government raises revenues and spends money, how the President and Congress enact the budget, and how much money goes into the many different federal programs.