News

White House to release fiscal ’15 budget in March

White House to release fiscal ’15 budget in March

BUDGET: U.S. Vice President Joe Biden listens as President Barack Obama speaks during an event for the Council on Women and Girls at the White House in Washington Jan. 22. Photo: Reuters/Kevin Lamarque

WASHINGTON (Reuters) – The White House will release President Barack Obama’s budget for fiscal year 2015 on March 4, a spokesman for the Office of Management and Budget said on Thursday.

“Now that Congress has finished its work on this year’s appropriations, the administration is able to finalize next year’s budget,” spokesman Steve Posner said in a statement.

“We are moving to complete the budget as quickly as possible to help Congress return to regular order in the annual budget process.”

The U.S. Senate approved a $1.1 trillion spending bill last week that ends the threat of another broad shutdown of government agencies this fiscal year.

It funds government programs through the Sept. 30 fiscal year-end.

Obama delivers his State of the Union address on Tuesday. Many of the programs and policy priorities he highlights in that speech are likely to show up in the administration’s budget blueprint.

(Reporting by Jeff Mason; Editing by Sandra Maler)

Recent Headlines

in Black Friday, National

PHOTOS: Macy’s Thanksgiving Day Parade

AP353037153391_2

The 88th annual Macy's Thanksgiving Day Parade stepped off in NYC, officially ushering in the holiday season.

in National

Thanksgiving grease cooks up plumbing disasters

turkey

Thanksgiving is a royal pain in the U.S. drain.

in National

Ebola survivors thankful for ‘second chance’

ebola

Six of the nine Ebola patients treated in the U.S. met for the first time.

in National

Thanksgiving travel at a 7-year high

gas

More than 46 million Americans are expected to travel over the holiday weekend.

in Black Friday, National

History of the holiday: Thanksgiving

14-overlay1

Thanksgiving celebrations date back to the first European settlements in America, but it wasn't until the 1860s that it was declared a national holiday.