Obama to release 2014 budget proposal on April 10

Budget

Obama to release 2014 budget proposal on April 10

Under the law, the President was supposed to submit a budget by Feb. 4. White House aides said deliberations over spending and sequestration in the past few months...

Federal News Network Staff

March 28, 2013 5:21 pm

1 min read

The Associated Press

WASHINGTON (AP) — The White House says President Barack Obama will release his federal budget outline on April 10 — two months late.

Under the law, the president was supposed to submit a budget on Feb. 4. But White House aides said deliberations over spending in the past few months delayed the release of Obama’s blueprint.

The Republican-controlled House and Democratic-controlled Senate have passed rival budgets in the past week.

The Senate budget embraces nearly $1 trillion in tax increases over the coming decade and shelters the domestic programs House Republicans want to cut. The GOP version would balance the budget over the next decade without raising taxes.

When it comes to the federal workforce, the competing congressional budget plans differ greatly in tone and substance. The House version says federal workers are overpaid and unfairly benefit from a too-generous retirement package. The Senate version says federal employees have “borne the brunt” of recent spending reductions through a pay freeze and the threat of furloughs.
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