President's FY2015 Budget Request to Be One Month Late

President's FY2015 Budget Request to Be One Month Late

President Obama will submit his FY2015 budget request to Congress on March 4 — a month late — according to news reports.  

By law, the President is supposed to submit each year’s budget request on the first Monday of February.  Delays in reaching agreement on budget bills in recent years have meant consequent delays in submitting requests for the next year and FY2015 will be no exception.

The Hill and Politico are citing White House Office of Management and Budget (OMB) spokesman Steve Posner as saying today that March 4 is the date for the FY2015 budget submission to Congress.  Last year, the budget was not sent to Capitol Hill until April 10, so, comparatively speaking, this is an improvement.

The Bipartisan Budget Act agreed to in December set spending caps for both FY2014 and FY2015, which may make the FY2015 appropriations process easier than it has been in recent years.   The cap for FY2015 is $1.014 trillion for discretionary (defense and non-defense) spending, compared to $1.012 trillion for FY2014. 

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