Explain What Happens When a Budget Is Not Passed on Time

question 79

Essay

Explain what happens when a budget is not passed on time.  How do you think this impacts the functioning of government and citizens' view of government?

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Definitions:

Disclosure Requirements

Legal or regulatory obligations to provide certain information to stakeholders, typically to ensure transparency and inform decision-making.

Insider Trading

Engaging in stock exchange transactions for personal benefit by exploiting confidential information, an act considered illegal.

Securities Exchange Act

A U.S. law regulating the trading of securities, aimed at protecting investors and maintaining fair and efficient markets.

Tipper

An individual who provides privileged, non-public information to another person, typically about securities trading.