Sponsors (11)
Official title: 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.
Introduced February 10, 2025 by Andy Harris · Last progress February 10, 2025
The resolution provides multi-year budget clarity and averts an immediate default by increasing borrowing authority, but it locks in spending priorities and borrowing that risk higher long-term deficits and force politically difficult cuts or constraints on domestic programs and federal employees if offsets are not implemented.
Taxpayers, federal employees, and state/local governments get a clear 10-year spending and revenue blueprint plus an updated concurrent budget, improving predictability for appropriations and deficit planning.
Military personnel and defense programs receive sustained, specified National Defense funding through FY2034, improving planning and stability for defense activities.
Scientists and space/technology programs gain multi-year funding targets (General Science, Space, and Technology), helping research institutions plan multi-year projects.
Taxpayers and future generations could face substantially higher long-term deficits and debt (with greater risk of future tax increases or program cuts) if increased defense, health, and other spending or additional debt authority are not offset.
Middle-class families and beneficiaries risk losing services or facing higher taxes because required deficit reductions and strict outlay targets may force cuts to non‑Social Security/Medicare programs.
Permitted large defense and homeland-security increases and an emphasis on defense spending risk crowding out discretionary domestic programs (research, infrastructure, state/local grants), harming researchers, communities, and public investments.
Based on analysis of 5 sections of legislative text.
Establishes FY2025–FY2034 budget aggregates and functional allocations, issues reconciliation instructions with numeric savings and limited spending-authority caps, and directs a $4T debt-limit increase proposal.
Sets a 10-year federal budget framework for FY2025–FY2034, replacing prior concurrent budget resolutions, prescribing overall aggregates (revenues, new budget authority, outlays, deficits, and debt) and functional-category allocations (including large totals for National Defense and International Affairs). Directs House committees to submit reconciliation proposals to meet specific deficit-reduction and targeted spending increases and to request a statutory increase in the debt limit; establishes numeric reconciliation caps and minimum deficit-savings targets and a February 27, 2025 submission deadline. Declares House findings about high federal debt and outlays and states a policy goal to restore total outlays toward pre-COVID levels while protecting Social Security and Medicare.