On March 9, more than a month late, the Biden administration intends to deliver the president’s budget request to Congress.
“President Joe Biden will present a budget on March 9 for the fiscal year 2024,” according to a memo being passed around the White House that was drafted by Directors of the National Economic Council and Office of Management and Budget, Brian Deese and Shalanda Young.
The Congressional Budget Act mandates that the president submit his budget request to Congress by the first Monday in February, which falls this year on Feb. 6. As a result, the presidential budget submission to Congress will be nearly a month late.
Presidents have exceeded the legally mandated deadline more than 20 times over the course of the previous century, according to Punchbowl News, and insiders tell the outlet that Biden intends to do the same.
The Biden administration would have missed the deadline for the third year in a row to submit its budget submission to Congress.
Presidents’ proposed budgets are frequently ignored by politicians when passing spending measures through Congress since they are generally perceived as communications papers supporting the administration’s aims.
The memo from Deese and Young added, “It is critical that Speaker McCarthy also plans to release a budget to ensure that the American people will be able to see how House Republicans plan to decrease the deficit… and just how much their Budget will add to the deficit with tax reductions for the wealthiest Americans as well as large corporations, as in their first bill this year.”
Prior to his meeting with Biden on Tuesday, McCarthy addressed the letter in a statement, writing: “Mr. President: I got the memo from your staff. Political games don’t interest me. I’m here to bargain on behalf of the American people.”
The House Republicans have already stated that they favor increasing the debt ceiling in return for significant spending cutbacks.
All of this comes after members of the Republican Study Committee (RSC) wrote a letter to Biden on Monday demanding an explanation for why he intends to miss the budget deadline for the third straight year, given that the nation is shortly anticipated to reach its current debt ceiling.
The group of Republicans wrote: “We write to voice our concerns over rumors that your admin. may miss the legal deadline for presenting a Presidential Budget to Congress for the third year in a row and has no intention to deliver a balanced budget.”
“We ask that you complete your job so that we in Congress can start ours as the time fast approaches for you to submit your Presidential Budget,” the group continued.