Which of the following is the most accurate statement regarding the federal budget? Balancing the budget is a simple a process of increasing taxes to meet government expenses. Balancing the budget has been a concern and is difficult to achieve. The president has control of the federal budget and the congress is unable to revise the spending plan. the Office of Management and Budget has final approval of the federal budget. In the United States, monetary policy is controlled by Answer The Treasury Department. The Federal Reserve System. The Internal Revenue Service. the Office of Management and Budget
The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.