Obama likely to release budget in early April

Under the law, the president is supposed to submit a budget by the first Monday in February, which fell this year on Feb. 4.

FILE - In this March 4, 2013 file photo, President Barack Obama speaks in the East Room of the White House in Washington. Enveloped by political gridlock, President Barack Obama is reaching out to rank-and-file Republicans, hosting GOP senators for dinner at the White House Wednesday night and then visiting Capitol Hill next week for separate meetings with Senate and House Republicans. (AP Photo/Pablo Martinez Monsivais, File)

WASHINGTON (AP) — The White House says President Barack Obama will likely release his federal budget outline the week of April 8.

That's more than two months late. Under the law, the president is supposed to submit a budget by the first Monday in February, which fell this year on Feb. 4.

Obama aides say the "fiscal cliff" debate over taxes late last year and the implementation of across-the-board spending cuts that took effect on March 1 have delayed the release of the budget.

House Republicans on Tuesday unveiled their latest budget, which would cut domestic programs ranging from Medicaid to college grants. Senate Democrats plan to offer a counterproposal Wednesday with higher spending on domestic programs and additional tax hikes on top of the higher rates imposed on top-bracket earners in January.

Associated Press
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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