Legal Definitions - Bureau of the Budget

The Bureau of the Budget is now known as the Office of Management and Budget (OMB). It is an office within the Executive Office of the President that helps the President prepare the annual federal budget and oversees its administration.

The OMB was originally established in 1939 as the Bureau of the Budget. Its main responsibility is to assist the President in creating a budget that reflects the administration's priorities and goals. The OMB also works with federal agencies to ensure that they are using their resources efficiently and effectively.

For example, if the President wants to increase funding for education, the OMB would work with the Department of Education to determine how much money is needed and how it should be allocated. The OMB would also review the Department of Education's budget to ensure that it is being used in the most effective way possible.