11/28/11 Happy ‘Passback Day’

[admin]

For hundreds of federal budget analysts, the Monday after Thanksgiving is a day to step back, take a deep breath and prepare for a stressful holiday season, marked less by parties and gift-giving and more by complex political maneuvering and tricky math. “Passback Day,” as the last Monday of November is known in budget circles, is when the White House and the Office of Management and Budget literally pass back drafts of proposed budgets for the next fiscal year to agencies and departments and begin a series of negotiations in hopes of completing a final budget proposal for President Obama by January.

For More Information:

http://www.washingtonpost.com/blogs/federal-eye/post/happy-passback-day/2011/11/27/gIQAhSs61N_blog.html