White House: Budget Review


The White House will release its delayed midsession budget review Thursday.

An administration official said Wednesday that the semi-annual review of President Barack Obama‘s budget proposal for fiscal 2012 will revise estimates of the budget deficit, growth and unemployment until 2021.

The midsession review will incorporate the $1.2 trillion in deficit cuts mandated under the law Obama signed earlier this month to lift the debt ceiling.

The White House announced in June that it would delay release of its updated economic and budget projections beyond a July 16 deadline, in part because lawmakers took until the middle of the year to agree a budget for fiscal 2011.

 

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