Congress approves an annual budget.
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According to the US Constitution, Congress has "the power of the purse". This means that Congress approves the budget submitted by the President. It's one of the checks and balances built into the Constitution to ensure that one branch doesn't hold too much power.
The largest portion of uncontrollable spending in the federal budget is the spending that Congress approves.
Congress is the one who approves the making of money for the United States.
Separation of powers
The President of the United States is responsible for preparing the budget for the country on an annual basis. The President might ask for advice from Cabinet members when preparing the budget. Congress has to approve the budget each year.