the Office of Management and Budget
/ði ˌɒfɪs əv ˌmænɪdʒmənt ən ˈbʌdʒɪt/
/ði ˌɑːfɪs əv ˌmænɪdʒmənt ən ˈbʌdʒɪt/
- a US government department that helps the President prepare each year's national budget. It also helps to manage government spending. The department was established in 1970 and is part of the Executive Office of the President.