WHITE HOUSE DELAYS RELEASE OF FY13 BUDGET REQUEST

The Obama Administration has pushed back the release of its Fiscal Year 2013 budget submission to Congress, delaying the unveiling of the document by one week. Instead of being released Feb. 6—the traditional first-Monday-of-February due date—the budget request will reportedly be released Feb. 13. The Administration did not offer a specific reason for the delay. “As in previous years, the date was determined based on the need to finalize decisions and technical details of the document,” an Administration official was quoted as saying by CQ. It’s typical for an Administration to miss the deadline in the first year of a President’s term, but Republicans quickly chastised the Obama Administration for missing the due date three times in four years. “The decision to delay the release of his budget again could not come at a more precarious moment for our fiscal and economic future,” House Budget Chairman Paul Ryan (R-Wis.) said in a statement. “This will mark the third time in four years the president has missed his statutory requirement to present a budget on time, while trillion-dollar budget deficits continue to mount.”