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Latency Budget measures this distinction on 36 synthetic directory, calendar, and document tasks. Credit requires a single correct candidate, replayed evidence, and completion within an explicit deadline. We run 1656 local episodes across 23 repeated conditions without paid inference. The privileged oracle obtains 100.0 [90.4, 100.0] percent deadline credit (95% Wilson interval); each blind control obtains 0.0 [0.0, 9.6] percent. An additional simulated factorial experiment varies declared thinking time and redundant tool calls while holding task deadlines fixed. At 80 ms per turn, one redundant call reduces deadline credit to 75.0 [58.9, 86.2] percent, while grounded correctness remains 100.0 [90.4, 100.0] percent. The experiment demonstrates sensitivity to wasted actions under the chosen cost model. It does not measure learned-agent performance, network latency, or human deadline 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