In the context of the budgetary process within the United States federal government, the President's proposed budget must go through various stages before it is finalized. One of the critical steps in this process involves the House of Representatives and the Senate. The process includes the formulation of budget resolutions, consideration of appropriations bills, and, ultimately, the reconciliation of spending and tax legislation. Considering these components, which of the following statements best summarizes the President's role in the budgetary process?