10 Jun 1921 Jahr - Signs the Budget and Accounting Act of 1921 which creates the “executive budget” transmitted by the President, who is assisted by a new Bureau of the Budget within the Treasury Department (42 Stat 20). The law also creates a new General Accounting Office “independent of the executive department and under the direction and control of the Comptroller General.” The Comptroller General is appointed by the President to a 15-year term with advice and consent of the Senate

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