The Obama administration's proposed budget for 2017 proposed spending $4.2 trillion and raising $3.6 trillion in tax revenue. The increased spending was to be offset by changes in Medicare, Social Security disability insurance, selling off oil from the strategic petroleum reserves, and other changes. Just before midnight on October 26, 2015, Republican and Democratic leaders reached an agreement, the Bipartisan Budget Act of 2015, to increase the budget caps imposed by the BCA for fiscal years by $50 billion in FY2016 and $30 billion in FY2017, and temporarily suspend the debt limit until March 15, 2017. The Budget Control Act of 2011 (BCA) had established spending caps on defense and non-defense spending, which were first applied in FY2013. Actual spending is driven by the final appropriations bills. This budget does not directly enact the actual spending of the federal government, but it sets the amounts that each congressional committee is allowed to spend on the programs, agencies and departments for which it is responsible. Budget resolutions do not go to the president for a signature or veto. After both houses pass a budget resolution, representatives and senators come up with a conference report negotiating between both the House and Senate versions. In Congress the process begins with the House Budget Committee and the Senate Budget Committee creating their own budget. The federal budget and all appropriations must then be written and approved by the United States Congress. In the United States, the federal budget request is first introduced by the president. The federal budget outlines the government’s plans for spending and revenue. The remaining funding was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2017, enacted on May 5, 2017. Funding for military construction and the Department of Veterans Affairs was enacted on Septemas part of the Continuing Appropriations and Military Construction, Veterans Affairs, and Related Agencies Appropriations Act, 2017, and Zika Response and Preparedness Act. The government was initially funded through a series of three temporary continuing resolutions. The 2017 fiscal year overlaps the end of the Obama administration and the beginning of the Trump administration. President Barack Obama submitted a budget proposal to the 114th Congress on February 9, 2016. The 2017 United States federal budget is the United States federal budget for fiscal year 2017, which lasted from Octoto September 30, 2017.
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