President Blows Budget Deadline … Again

Monday marked the deadline set in law for President Obama to submit a budget, but he missed it — making this the fourth time in his five years in office that he's failed to submit the blueprint on time.

That makes his record equal to the three previous presidents combined, who spanned 20 years in office.

This year, Mr. Obama blamed the late passage of his tax increase deal early last month.

"Because these issues were not resolved until the American Taxpayer Relief Act was enacted on Jan. 2, 2013, the administration was forced to delay some of its FY 2014 budget preparations, which will in turn delay the budget's submission to Congress," acting White House budget director Jeffrey Zients wrote to House Budget Committee Chairman Paul D. Ryan last month.

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