President Obama will release his fiscal 2014 budget on April 10, more than two months after it was due, White House principal deputy press secretary Josh Earnest said Thursday.
Republicans have lampooned Obama for failing to turn in his budget on time this year. The White House has said it has been delayed because of the great uncertainty about federal finances this year – including the “fiscal cliff” debate at the start of the year and the lack of clarity surrounding the deep spending cuts known as sequestration that took effect March 1.
The budget will give a detailed overview of the president’s priorities and his sense of the economy and nation’s fiscal challenges in his second term.
It will propose tax hikes and spending cuts to help tame borrowing – though it will also propose fresh spending on programs like early education for children from poor and moderate income families.
On the same day the budget is released, Obama meet with a group of Senate Republicans for dinner, as part of his so-called “charm offensive.”