The Budget and Accounting Act of 1921 stipulated that each year, the President must submit his budget request for the following fiscal year to Congress.
According to current law:
On or after the first Monday in January but not later than the first Monday in February of each year, the President shall submit a budget of the United States Government for the following fiscal year.
Each year, after the President's State of the Union address, the Office of Management and Budget releases the Administration's Fiscal Year budget, offering proposals on key priorities and newly announced initiatives. This year, we did things a little differently, from our expanded and enhanced State of the Union coverage to our interview with YouTube creators -- and we wanted to do the same with the budget.
President Barack Obama tapes the Weekly Address in the Roosevelt Room of the White House.
January 30, 2015.
(Official White House Photo by Lawrence Jackson)Read More
This week, the President traveled to India, launched the new Precision Medicine Initiative, and called on Congress to protect the Arctic National Wildlife Refuge.
Find out more about the past week at the White House in our latest weekly wrap-up.
Six years after the financial crisis, America’s resurgence is real and beginning to touch more and more lives across the country. As the President said, “With a growing economy, shrinking deficits, bustling industry, and booming energy production, we have risen from the recession freer to write our own future than any other nation on Earth.”
America’s businesses are already setting pen to paper, creating jobs in burgeoning industries at a breakneck pace. In fact, there are more open jobs today than at any point since 2001.
First Lady Michelle Obama and actor and singer Connie Britton, right, applaud as Counselor of the Year Cory Notestine, a school counselor at Alamosa High School in Alamosa, Colo., delivers remarks during the Counselor of the Year event in the East Room of the White House, Jan. 30, 2015.
(Official White House Photo by Amanda Lucidon)Read More
The view from aerial tour of Hurricane Sandy damage of New Jersey's barrier beaches, Nov. 18, 2012.
(Official White House Photo by Sonya N. Hebert)Read More
In September 2009, the President announced that — for the first time in history — White House visitor records would be made available to the public on an ongoing basis. Today, the White House releases visitor records that were generated in October 2014. This release brings the total number of records made public by this White House to more than 4.26 million — all of which can be viewed in our Disclosures section.Read More
I have lived a lot of life, most of it on the go, and always an adventure. Challenging myself and pushing limits. From 25 to 35, I worked hard and lived with that sense of freedom, full of fun and exploration, believing every year would only get better and better. In that decade, I took some chances – moved to three different cities where I didn’t know anyone, and I took jobs I wasn’t sure about. I was always confident things would work out, or at least I could figure it out how to make it work.
Guest Blog by Sarah Lee, Principal Economic Development
Sound Regional CouncilWashington State brought
in $7 million in IMCP-aligned federal agency funds just months after receiving
one of the “manufacturing community” designations from the U.S. Department of
Commerce. That’s a pretty shining endorsement of the Investing
in Manufacturing Communities Partnership (IMCP) program, right? But the truth is Washington
State began reaping the benefits of the program even before we submitted our