They're ready to cut the federal budget deficit for the next fiscal year.

他们已准备好在下一个财政年度削减联邦预算赤字。

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But this would mean that California will enter its next fiscal year, once again, without any budget at all.

但这也意味着，加州将再一次在没有任何预算下进入新财政年度。

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Even S.& P. noted that given the difficult compromises ahead, the earliest plausible date to begin deficit reduction is late 2013, when the budget for fiscal year 2014 is due.

尽管标普此前已经做出了困难的妥协，最早的可能开始进行消减预算的日期仍迟至2013年，而这也只是对2014年财政预算的消减。

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For weeks,President Obama has maintained that his record-breaking $3.6-trillion budget for the next fiscal year makes vital investments in energy,health care,and education that will pay dividends once the nation emerges from a deep economic recession.

VOA: standard.2009.03.22

The senior official said the emergency budget request -- formally known as a supplemental budget request for this fiscal 2003 budget year -- will be sent to Congress later this week.

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"While the budget resolution takes important steps in the near-term of cutting the deficit in half by 2012 and by two-thirds by 2014, it is clear that more will be needed to address the long-term fiscal imbalance confronting the nation beyond the five-year budget window, " said Conrad.

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Mr. Obama used his last bit of leverage to prevail over Republicans in the fiscal-cliff budget negotiations late last year.

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