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Obama to delay 2012 budget by about a week: official
Yahoo ^ | 12/28/10

Posted on 12/28/2010 7:51:40 AM PST by Libloather

Obama to delay 2012 budget by about a week: official
Tue Dec 28, 7:01 am ET

HONOLULU (Reuters) – President Barack Obama, who has pledged to tackle long-term U.S. debt and deficit challenges, will delay the delivery of his fiscal year 2012 budget by about a week until after February 14.

An administration official said on Monday the delay was due to the long time it took for the U.S. Senate to confirm Jack Lew as Obama's new budget director, and because funding decisions for 2011 went so late into the year.

The Democratic president nominated Lew in July but the appointment was held up in the Senate by Mary Landrieu, a member of Obama's own party, to protest the administration's ban on offshore oil drilling imposed after the BP oil spill in the Gulf of Mexico. That ban was lifted in October and Lew was confirmed on November 18.

**SNIP**

Republicans, who take control of the U.S. House of Representatives in January and increase their votes in the Senate, plan to push for spending cuts.

Obama, who received bold recommendations earlier this month from a bipartisan panel on how to cut the U.S. deficit and rising debts, has said there will be a tough debate on spending priorities and how to overhaul the U.S. tax code.

The U.S. budget deficit for fiscal 2010, which ended on September 30, was $1.29 trillion, according to the U.S. Treasury, down from a record $1.42 trillion in fiscal 2009. The nonpartisan Congressional Budget Office in August projected a $1.07 trillion deficit for fiscal 2011.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: 2012; budget; obama; official

1 posted on 12/28/2010 7:51:48 AM PST by Libloather
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To: Libloather

too busy being on vacation...


2 posted on 12/28/2010 7:55:54 AM PST by snarkbait (<<For Rent>>)
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To: Libloather

Need to pass the 2011 first..


3 posted on 12/28/2010 7:58:25 AM PST by maddog55 (OBAMA, You can't fix stupid...)
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To: maddog55
Need to pass the 2011 first..

Have they even submitted one?

4 posted on 12/28/2010 8:06:38 AM PST by Mind-numbed Robot (Not all that needs to be done needs to be done by the government.)
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To: Mind-numbed Robot

They did, it didn’t pass the senate and we’re on a Continuing Resolution Authority (CRA) until March 2011.


5 posted on 12/28/2010 8:20:30 AM PST by maddog55 (OBAMA, You can't fix stupid...)
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To: Libloather
The House of Representatives invent and enact the budget.. and the Senate modifys it..
The President merely spends what he has been given to spend by the House...
With NO money to do it, the President can do nothing..
6 posted on 12/28/2010 8:40:17 AM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: Libloather

DOA


7 posted on 12/28/2010 8:47:45 AM PST by faucetman (Just the facts ma'am, just the facts)
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To: Libloather

Whatever he sends had better be DOA. Defund, cut, eliminate, slash, burn the budget. Dare him to veto it.


8 posted on 12/28/2010 9:00:13 AM PST by NTHockey (Rules of engagement #1: Take no prisoners)
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