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Copies of the U.S. Government budget for Fiscal Year 2012 are stacked up at the U.S. Government Printing Office in Washington on Feb. 14, 2011. / Alex Brandon, AP

The Obama administration will send its Fiscal Year 2015 budget proposal to Congress on March 4, about a month past deadline.

While proposed budgets are traditionally submitted in early February, administration officials noted that Congress only recently approved a final spending plan for the current fiscal year.

"Now that Congress has finished its work on this year's appropriations, the Administration is able to finalize next year's Budget," said Steve Posner, a spokesman for the Office of Management and Budget. "We are moving to complete the Budget as quickly as possible to help Congress return to regular order in the annual budget process."

The next fiscal year starts on Oct. 1.

From Bloomberg news service:

"Partisan fights over spending and policy stalled action on the federal budget for the current fiscal year and let to a partial government shutdown in October. Lawmakers reached an accord early this month and Obama signed a $1.1 trillion spending plan into law on Jan. 17.

"That amount represents the money subject to annual review by Congress. The remainder is mandatory spending, such as Social Security and Medicare. Obama's last budget totaled $3.78 trillion.

"Last year's deficit of $680 billion was the lowest in five years."



Copyright 2014 USATODAY.com

Read the original story: New Obama budget coming March 4

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