Fiscal Year 2025 Budget Resolution

What this does

This is the concurrent budget resolution for fiscal year 2025. It sets the revenue, spending, deficit, and debt levels Congress will enforce for 2025 through 2034. It projects federal revenues of $3.85 trillion in 2025 rising to $5.38 trillion in 2034, and total budget outlays of $4.64 trillion in 2025 rising to $6.59 trillion in 2034. It records a deficit every single year, from $783 billion in 2025 to $1.22 trillion in 2034, and sets the public debt at $36.4 trillion in 2025 rising to $48.7 trillion in 2034. It assigns budget authority and outlays across every major function, from national defense to net interest. The operative machinery is in Title II. It orders House and Senate committees to write reconciliation legislation by March 7, 2025. It tells the House Judiciary and Homeland Security committees each to add up to $175 billion to the deficit, and Armed Services to add up to $150 billion, while directing the Agriculture, Energy and Commerce, Education and Workforce, and Natural Resources committees each to cut at least $1 billion. The Senate instructions mirror this, with Judiciary and Homeland Security and Governmental Affairs each cleared for up to $175 billion and Finance directed to cut at least $1 billion. Title III sets up reserve funds, including deficit-neutral funds tied to protecting Medicare and Medicaid, and to government deregulation, that let the Budget Committee chairs adjust the enforced levels for qualifying legislation.