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Office of Management and Budget (OMB)

Office of Management and Budget (OMB) definition - business

Office of Management and Budget (OMB)

The federal executive-branch agency charged with assisting the President in preparing and administering the federal budget. The OMB establishes funding priorities, evaluates programs, and ensures reports and proposed legislation are consistent with administration policies.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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