H.Con.Res. 14 · SPONSOR JODEY C. ARRINGTON R-TX-19
Budget resolution for fiscal 2025
- Set budget targets through 2034: Sets recommended levels for federal revenue, new budget authority, spending, deficits, public debt, and debt held by the public for fiscal years 2025 through 2034. It also sets levels for major spending categories
- Direct committees to draft reconciliation legislation: Directs House and Senate committees to submit proposals affecting deficits for fiscal years 2025 through 2034. House instructions include deficit reductions from several committees and allow the Ways and Means Committee’s proposals to increase the deficit by up to $4.5 trillion
- Set instructions for raising the debt limit: Directs the House Ways and Means Committee to submit legislation increasing the statutory debt limit by $4 trillion. The Senate Finance Committee is directed to report legislation increasing it by no more than $5 trillion
- Introduced
- In committee
- Reported
- Passed House
- Passed Senate
- Law
What’s next: Agreed to by both chambers.
RESULTS NOT POSTED YET
READERS · GOOD CALL OR BAD CALL?
Readers can rate the committee’s call once its decision is on record.