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This report provides a brief introduction to the federal budget process. Key budget concepts and terminology are defined and explained. The separate procedures that make up the federal budget process are identified and their salient features described. While a complete understanding of federal budgeting probably can be obtained only after much observation and study of the process in operation, broad exposure to its rudiments is a useful first step. Various resources "for additional reading" are identified at the end of this report, which the reader may find helpful in exploring the subject in greater depth.

This report provides a background and analysis on the Chinese proliferation of weapons of mass destruction.

This report discusses the management responsibility for financial, security, and legislative operations.

Since its reauthorization in 1986 through December 31, 1995, the Hazardous Substance Superfund, which was first created in 1980, has been financed largely by the revenues generated from three excise taxes on petroleum and chemicals and a special income tax on corporations.

This report covers the debate over the reexamination of the Glass-Steagall Act of 1933 in the 104th Congress. There is speculation the banks are finding loopholes that allow them to redefine some of their services as "securities" without directly violating the Glass-Steagall Act.

Many U.S. lumber producers have complained that subsidies to Canadian lumber producers give them an unfair advantage in supplying the U.S. market. The dispute has evolved through various forums over the past 15 years. Recent negotiations led to an agreement on May 28 to reduce Canadian lumber exports with a tariff rate quota (i.e., a tariff on imports above the quota) probably by about 9% from record 1995 levels, leading to expectations of trade harmony (at least on this issue) for the next 5 years.