H.Con.Res. 14

Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.

Sponsor: Jodey C. Arrington · 0 cosponsors

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Official summary

Written by the Congressional Research Service.

This concurrent resolution establishes the congressional budget for the federal government for FY2025, sets forth budgetary levels for FY2026-FY2034, and provides reconciliation instructions for legislation that increases or decreases the deficit and increases the statutory debt limit by specified amounts. 

The resolution recommends levels and amounts for FY2025-FY2034 for

  • federal revenues,
  • new budget authority,
  • budget outlays,
  • deficits,
  • debt subject to limit, 
  • debt held by the public, and
  • the major functional categories of spending.

The resolution includes reconciliation instructions that direct 11 House committees to submit legislation that will increase or decrease the deficit over FY2025-FY2034 and increase the statutory debt limit by specified amounts. The committees must submit the legislation to the House Budget Committee by March 27, 2025. 

(Under current law, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.)

In addition, the resolution establishes a reserve fund that allows certain adjustments to committee allocations and other budgetary levels to accommodate reconciliation legislation.

The resolution also requires the maximum deficit increase permitted by the reconciliation instruction for the House Ways and Means Committee ($4.5 trillion in the resolution) to be reduced if the proposals submitted by certain committees do not achieve a total of at least $2 trillion in net deficit reduction (or increased if more than $2 trillion in deficit reduction is achieved). 

Finally, the resolution sets forth budget enforcement procedures that address issues such as adjustments to committee allocations and the budgetary treatment of the discretionary administrative expenses for the Social Security Administration and the U.S. Postal Service. 

Text of the bill

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I Recommended levels and amounts

A Budgetary levels in both Houses

Sec. 1101. Recommended levels and amounts Added Apr 5, 2025

Where this section came from

Not in the first version (Reported in House, Feb 18, 2025).

  1. Apr 5, 2025 · Engrossed Amendment Senate S.Amdt. 2035: To establish a deficit-neutral reserve fund relating to protecting Medicare and Medicaid. Official page › S.Amdt. 1717: In the nature of a substitute. Official page › On the Motion to Proceed — Motion to Proceed Agreed to, 52–48 · Roll Call 169On the Amendment — Amendment Agreed to, 51–48 · Roll Call 170On the Amendment — Amendment Rejected, 46–53 · Roll Call 171On the Amendment — Amendment Rejected, 48–51 · Roll Call 172On the Amendment — Amendment Rejected, 47–51 · Roll Call 173On the Amendment — Amendment Rejected, 46–53 · Roll Call 174On the Amendment — Amendment Rejected, 48–51 · Roll Call 175On the Amendment — Amendment Rejected, 46–53 · Roll Call 176On the Amendment — Amendment Rejected, 48–51 · Roll Call 177On the Amendment — Amendment Rejected, 48–51 · Roll Call 178On the Amendment — Amendment Rejected, 5–94 · Roll Call 179On the Amendment — Amendment Rejected, 49–50 · Roll Call 180On the Amendment — Amendment Rejected, 48–51 · Roll Call 181On the Amendment — Amendment Rejected, 48–51 · Roll Call 182On the Amendment — Amendment Rejected, 49–50 · Roll Call 183On the Amendment — Amendment Rejected, 47–52 · Roll Call 184On the Motion — Motion Rejected, 49–50 · Roll Call 185On the Amendment — Amendment Rejected, 49–50 · Roll Call 186On the Amendment — Amendment Rejected, 48–51 · Roll Call 187On the Amendment — Amendment Rejected, 48–51 · Roll Call 188On the Amendment — Amendment Rejected, 49–50 · Roll Call 189On the Amendment — Amendment Rejected, 47–52 · Roll Call 190On the Concurrent Resolution — Concurrent Resolution Agreed to, 51–48 · Roll Call 191

The following budgetary levels are appropriate for each of fiscal years 2025 through 2034:

(1) Federal revenues. For purposes of the enforcement of this resolution:

(A) The recommended levels of Federal revenues are as follows: Fiscal year 2025: $3,699,743,000,000.Fiscal year 2026: $3,850,222,000,000.Fiscal year 2027: $3,935,426,000,000.Fiscal year 2028: $4,064,380,000,000.Fiscal year 2029: $4,187,266,000,000.Fiscal year 2030: $4,388,684,000,000.Fiscal year 2031: $4,600,466,000,000.Fiscal year 2032: $4,800,588,000,000.Fiscal year 2033: $5,020,540,000,000.Fiscal year 2034: $5,242,537,000,000.

(B) The amounts by which the aggregate levels of Federal revenues should be changed are as follows: Fiscal year 2025: −$150,000,000,000.Fiscal year 2026: −$150,000,000,000.Fiscal year 2027: −$150,000,000,000.Fiscal year 2028: −$150,000,000,000.Fiscal year 2029: −$150,000,000,000.Fiscal year 2030: −$150,000,000,000.Fiscal year 2031: −$150,000,000,000.Fiscal year 2032: −$150,000,000,000.Fiscal year 2033: −$150,000,000,000.Fiscal year 2034: −$150,000,000,000.

(2) New budget authority. For purposes of the enforcement of this resolution, the appropriate levels of total new budget authority are as follows: Fiscal year 2025: $4,663,769,000,000.Fiscal year 2026: $4,795,798,000,000.Fiscal year 2027: $4,933,048,000,000.Fiscal year 2028: $5,216,255,000,000.Fiscal year 2029: $5,375,045,000,000.Fiscal year 2030: $5,667,195,000,000.Fiscal year 2031: $5,915,714,000,000.Fiscal year 2032: $6,191,839,000,000.Fiscal year 2033: $6,530,356,000,000.Fiscal year 2034: $6,736,948,000,000.

(3) Budget outlays. For purposes of the enforcement of this resolution, the appropriate levels of total budget outlays are as follows: Fiscal year 2025: $4,636,008,000,000.Fiscal year 2026: $4,811,854,000,000.Fiscal year 2027: $5,009,263,000,000.Fiscal year 2028: $5,304,033,000,000.Fiscal year 2029: $5,364,632,000,000.Fiscal year 2030: $5,654,106,000,000.Fiscal year 2031: $5,882,786,000,000.Fiscal year 2032: $6,121,866,000,000.Fiscal year 2033: $6,487,182,000,000.Fiscal year 2034: $6,647,428,000,000.

(4) Deficits. For purposes of the enforcement of this resolution, the amounts of the deficits are as follows: Fiscal year 2025: $936,265,000,000.Fiscal year 2026: $961,632,000,000.Fiscal year 2027: $1,073,837,000,000.Fiscal year 2028: $1,239,653,000,000.Fiscal year 2029: $1,177,366,000,000.Fiscal year 2030: $1,265,422,000,000.Fiscal year 2031: $1,282,320,000,000.Fiscal year 2032: $1,321,278,000,000.Fiscal year 2033: $1,466,642,000,000.Fiscal year 2034: $1,404,891,000,000.

(5) Public debt. Pursuant to section 301(a)(5) of the Congressional Budget Act of 1974 (2 U.S.C. 632(a)(5)), the appropriate levels of the public debt are as follows: Fiscal year 2025: $36,525,094,000,000.Fiscal year 2026: $37,838,733,000,000.Fiscal year 2027: $39,140,384,000,000.Fiscal year 2028: $40,566,455,000,000.Fiscal year 2029: $42,102,586,000,000.Fiscal year 2030: $43,583,333,000,000.Fiscal year 2031: $45,068,345,000,000.Fiscal year 2032: $46,595,036,000,000.Fiscal year 2033: $48,382,716,000,000.Fiscal year 2034: $50,481,979,000,000.

(6) Debt held by the public. The appropriate levels of debt held by the public are as follows: Fiscal year 2025: $29,294,843,000,000.Fiscal year 2026: $30,468,366,000,000.Fiscal year 2027: $31,782,489,000,000.Fiscal year 2028: $33,298,095,000,000.Fiscal year 2029: $34,781,086,000,000.Fiscal year 2030: $36,380,984,000,000.Fiscal year 2031: $38,027,730,000,000.Fiscal year 2032: $39,759,791,000,000.Fiscal year 2033: $41,652,745,000,000.Fiscal year 2034: $43,515,483,000,000.

B Levels and amounts in the Senate

II Reconciliation

III Reserve funds

IV Other matters

V Policy statements in the House of Representatives