Federal Financial Management is an introductory to the federal government's financial management systems and a brief historical background. This book covers government outlays, capitalism, budget and accountability. It also looks at several historical figures that influenced the United States economic and financial system. The federal budget process, the national debt and budget deficit are examined. A brief look at the Bureau of the Budget (BOB) and Office of Management and Budget (OMB) is also provided. Various federal budget and accounting systems are reviewed including Planning-Programming-Budgeting System (PPBS), Management by Objectives (MBO), Zero-Based Budgeting (ZBB), the Government Performance and Results Act of 1993 (GPRA). Other closely related topics are also discussed.