President Barack Obama will send his long overdue fiscal 2014 budget to Congress on April 10, White House spokesman Josh Earnest said.
The budget, more than two months late after the legal deadline of Feb. 4, was delayed by the year-end debate over taxes and spending, compounded by across-the-board spending cuts that took effect on March 1.
The spending blueprint outlining Obama’s priorities for the year beginning Oct. 1 follows House and Senate adoption of budget resolutions, nonbinding road maps that highlight differences between Democrats and Republicans over taxes, spending and the size of government.
Source: Bloomberg. Read full article. (link)