FSOT Pro

Answer: A - The House Committee on Ways and Means is chiefly responsible for generating revenue for the nation, and does so by writing tax laws, overseeing trade agreements and tariffs and controlling the bonded debt of the nation. Financial Services handles the public financial sector of the economy, including banking and the Federal Reserve. The Budget Committee is largely responsible for the Congressional role in the national budget and authors the budget resolution each year. The Appropriations Committee determines the government’s expenditures and authorizes spending.