The correct answer is B, as a federal budget is an estimate of the government's total revenue and spending in a financial year.
The United States budget is a Congressional decision that lists the estimated revenues and expenditures of the United States federal government over a financial year. The financial year begins on October 1st.
It is proposed by the President to the Congress. Due to the bicameral system of the United States provided for by the Constitution, the Senate and the House of Representatives must approve and amend the budget, which eventually goes to the President for signature. If the president uses his veto on the budget, the latter returns to the Congress, where the veto can be canceled by two-thirds of the voters. A shutdown of government activities in the United States generally occurs when the president and one or both chambers fail to reach agreement on budget allocations before the end of the current budget cycle.
