White House to offer balanced budget plan by mid-May - MulvaneyA detailed version of President Donald Trump's budget to be released in May will lay out plans to eventually erase U.S. deficits, White House budget director Mick Mulvaney said on Sunday. By May, I think it's mid-May we're shooting for right now, we'll have that larger budget..." Mulvaney said on NBC's "Meet the Press" program. Mulvaney acknowledged that the budget would not be balanced in the upcoming 2018 fiscal year but said the administration wants to put the country on a path toward eventually wiping out annual deficits.