This measure is a budget roadmap for the federal government. It sets targets for how much money the government plans to collect and spend in 2025 and gives longer-term targets through 2034, including totals for revenues, spending, deficits, and debt. It also sets reference levels for certain Social Security and Postal Service administrative costs to help enforce the budget in the Senate .

It tells House and Senate committees to write bills that either raise or lower the deficit by specific amounts over 2025–2034, and to send those bills in by March 7, 2025. Those bills can move faster in the Senate and face limits on changes, which can make it easier to pass them. The plan also allows adjustments so that deficit-neutral bills over the 2025–2034 period can fit within the budget rules, and it spells out how to enforce these rules across committees .

• Who is affected: Federal agencies, Congress, and indirectly the public as spending and tax decisions follow these targets. Social Security and Postal Service administration are treated specially for budget enforcement, but this does not set benefit levels .

Key points

• What changes: Budget targets for 2025–2034; instructions for committees to propose deficit changes; faster path for certain budget bills; flexibility for bills that don’t add to the deficit over the decade .
• When: Targets start in fiscal year 2025; committee proposals due by March 7, 2025; decade-long window runs through 2034 .