Obama to Delay 2012 Budget by About a Week: Official

U.S. President Barack Obama will delay the delivery of his fiscal year 2012 budget by about a week until after Feb. 14, an administration official said Monday.

The official said the delay was due to the six-week hold-up by the U.S. Senate in its approval of Jack Lew as Obama's new budget director, and because funding decisions for 2011 went so late into the year.

[via cnbc.com]