The White House Fiscal Year (FY) 2014 budget was released passed the deadline this year, coming out in April, instead of during the federally mandated first Monday in February. This delay came in the wake of sequestration, which went into effect in March and resulted in across-the-board budget cuts throughout the government. In contention is how to deal with the U.S. deficit, projected by the Congressional Budget Office to be $845 billion this year. The House of Representatives and the Senate passed their budget bills before the White House released its budget. President Barack Obama's budget can be seen as an attempt to craft a large-scale bargain on the deficit, according to Politico.
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