Obama to submit budget in mid-March

WASHINGTON (AP) — An administration official says President Barack Obama plans to submit his 2014 budget plan to Congress in mid-March.

The budget was supposed to have been released last week but the White House says it’s been delayed by passage of legislation last month to avert the so-called fiscal cliff. That legislation extended most of the Bush-era tax cuts but boosted the top tax rate on upper-bracket income from 35 percent to 39.6 percent.