The White House on February 26 unveiled a $3.55-trillion budget outline for fiscal year 2010 that would boost funding for water infrastructure and transportation programs while aiming to cut the federal deficit in half by 2013.
White House officials say the outline provides a broad framework for fiscal policy over the next 10 years. A more detailed budget proposal will be released in April. But the proposal is only the first step in a long legislative process. Months of hearings by appropriations and tax-writing committees will take place, followed by committee and floor votes. Final numbers for 2010 spending won’t emerge until late summer, at the earliest.