Budget control refers to the ability of Congress to set and manage the federal government's spending priorities. It involves creating a budget, allocating funds to different areas, and exercising oversight over how money is spent.
Related terms
Appropriations: Appropriations refer to the process of assigning funds from the federal budget for specific purposes or programs.
Deficit: A deficit occurs when the government spends more money than it collects in revenue during a given fiscal year.
Sequestration: Sequestration is an automatic across-the-board spending cut that occurs if Congress fails to reach a budget agreement reducing the deficit.