On February 13th, my administration will present a fiscal plan that outlines our specific priorities and programs.
The President says his fiscal 1989 plan would cut the deficit to $129.5 billion.
The move is a sign of confidence in City Hall's fiscal plans.
He said the lawmakers' fiscal plan would deepen the recession.
He is expected to disclose his fiscal plans in a budget message before March 15.
So far, he is standing firm on his $32.4 billion fiscal plan, the most severe in a generation.
"We may be talking about a budget that laps over into a two-year fiscal plan," he said.
In the modified fiscal plan, the Council approved a $30.4 million budget.
He also rejected the fiscal plan for the following three years.
But he also announced that mistakes had been made in two parts of his fiscal plan.