Wednesday, May 27th11.7°C
26383
25263

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.

The Canadian Press


Read more Business News

26416


Recent Trending




Today's Market
S&P TSX15050.81-136.59
S&P CDNX691.96-8.09
DJIA18041.54-190.48
Nasdaq5032.75-56.61
S&P 5002104.20-21.86
CDN Dollar0.8055+0.0014
Gold1187.40-16.90
Oil59.70+0.69
Lumber273.50-2.70
Natural Gas2.826+0.004

 
Okanagan Companies
Pacific Safety0.135-0.005
Knighthawk0.010.00
QHR Technologies Inc1.51+0.02
Cantex0.03-0.01
Anavex Life Sciences0.432+0.007
Metalex Ventures0.085+0.005
Russel Metals25.21-0.62
Copper Mountain Mining1.28-0.05
Colorado Resources0.105+0.005
ReliaBrand Inc0.008+0.003
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.15-0.02
Decisive Dividend Corporation1.96-0.24

 



26407

FEATURED Property
16257601562 Granite Road
10063515 bedrooms
$729,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...

_



25991

26418


Member of BC Press Council


25772