He will use it to prepare a budget for January 27th, the day after Parliament will resume, that will doubtless include some measures to stimulate the economy.

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The OMB director is an especially influential position because the office helps the president prepare the annual budget that is submitted to Congress, dealing with a range of issues from energy and defense spending to tax policies.

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Mr Obama, Mitt Romney and congressional leaders should prepare now to start budget negotiations the day after the election.

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If you eventually plan on selling the house, include extra costs into your budget to prepare the property for the real estate market.

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Although no formal guidance has yet been issued by the White House budget office concerning how agencies should prepare, if Congress fails to act by August then the administration will have to formulate its future budget proposals on the assumption that the sequestration provisions of the law actually take effect.

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Dale Rees, a spokesman for the British Dietetic Association, said the initiative was a positive step because the recipes would help those who wanted to cook but did not know the ingredients involved, the steps needed to prepare them or how to cook adhering to a budget.

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Many governments used the drive to prepare for the European single currency as a cover for reducing their budget deficits in the 1990s.

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Some people may deliberately budget a little extra spending in the early retirement years to prepare for this, in addition to further retirement activities like extra vacationing.

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