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)

Latest Stories

in Entertainment

Daughter reveals Joan Rivers is still on life support

Comedian Joan Rivers arrives for the premiere of the documentary "Joan Rivers - A Piece Of Work" during the 2010 Sundance Film Festival in Park City, Utah January 25, 2010.

Comedian Joan Rivers remains on life support after being hospitalized in serious condition due to cardiac arrest.

in Music

Paul McCartney urges Scots to shun independence

Sir Paul McCartney performs with his band during the "Out There" Tour at the Times Union Center on Saturday, July 5, 2014, in Albany, N.Y.

Paul McCartney has signed an open letter to Scottish voters urging them to choose 'No' in a crucial poll over plans for the nation to break away from the rest of the U.K.

in Music

Kings of Leon drummer returns to the road

Nathan Followill, of Kings of Leon, is seen backstage at the Grammy Nominations Concert on Wednesday, Dec. 2, 2009, in Los Angeles.

Nathan Followill has confirmed he'll be back behind the kit after breaking his ribs in a tour bus crash.