Who are the major actors in the federal budget process, both in Congress and the executive branch of government, and what do they do?

What will be an ideal response?

An ideal response will:
1, Explain that budgets are created by an interaction of Congress and the president, but there are other important actors.
2, Discuss that the most significant of these is the Congressional Budget Office, created in 1974, to strengthen the role of Congress in the budget process, which changes how the budget is crafted, especially through long-term budget outlooks and fiscal impact statements.
3, Explain how the Office of Management and Budget and the Council of Economic Advisors aid the president in the budget process by providing information and advice.
4, Provide a clear and concise conclusion.