Obama to release 2015 budget March 4; 1 month late due to late action of 2014 appropriations
WASHINGTON - The White House says that President Barack Obama's budget for next year will be released on March 4, about one month behind schedule.
Budget office spokesman Steve Posner says the release will be late because Congress was late to finish up an omnibus spending bill for the current fiscal year. He said that action means the administration can now wrap up work on its budget tome.
Lawmakers in both House and Senate hope that a budget deal last month will bring a semblance of order to the annual appropriations process, but that may be a tall order in an election year.
The annual budget lays out the administration's wish list. Republicans controlling the House mostly ignore its major recommendations, which include a tax increase on corporations and wealthier individuals.
Read more Business News
- Rain shuts down KamloopsKamloops - 4:15 pm
- Storm photo galleryCentral Okanagan - 4:44 pm
- 3 family members killed in crashCentral Okanagan - 2:59 pm
- Crime rate falls 13 per centKelowna - 11:46 am
|QHR Technologies Inc||1.15||-0.04|
|Anavex Life Sciences||0.325||-0.005|
|Copper Mountain Mining||2.76||-0.07|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.19||+0.01|
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...
Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...