Bill > SCRes7

This concurrent resolution establishes the congressional budget framework for the United States Government for fiscal year 2025 and sets budgetary guidelines for fiscal years 2026 through 2034. The resolution provides detailed budget projections across multiple federal spending categories, including national defense, international affairs, healthcare, social security, and other government functions, with specific recommended levels for federal revenues, new budget authority, and budget outlays. It requires various congressional committees in both the House of Representatives and the Senate to submit recommendations aimed at reducing or managing the federal deficit, with some committees instructed to reduce the deficit by at least $1 billion and others allowed to increase the deficit within specified limits. The resolution also includes provisions for reconciliation, reserve funds, and administrative adjustments, allowing budget committee chairs to make technical modifications to allocations and aggregates as needed. Notably, the budget projections indicate growing deficits, with the deficit expected to range from approximately $782 billion in fiscal year 2025 to $1.2 trillion in fiscal year 2034, reflecting ongoing challenges in balancing federal spending and revenues.

https://www.congress.gov/bill/119th-congress/senate-concurrent-resolution/7/all-info