The Fiscal State of the Nation Act requires a joint meeting of Congress to be held annually to receive a presentation from the Comptroller General about the audited financial statement of the executive branch. This includes a review and analysis of the federal government's...
Simple Explanation
The Fiscal State of the Nation Act is a plan where each year, important people in the U.S. government get together to hear a report about how much money the country made and spent, showing if it's keeping money safe for the future. This meeting is open so everyone can listen and understand where the money is going.