Today is “Passback Day,” when the Office of Management and Budget passes back drafts of proposed budgets for the next fiscal year to federal agencies. The idea is to complete a final budget proposal for the president in January of the next year.
He considered the previous schedule “cruel and unusual punishment” for agency bosses who wanted to spend time with their families.
Lew and his aides held meeting reviewing budget proposals for multiple agencies before the holiday. The lack of an agreement on a budget deficit deal by the supercommittee, in turn affects the outcome of the passbacks.