Bill > HCRes14

This concurrent resolution establishes the congressional budget for the United States Government for fiscal year 2025 and sets forth budgetary levels for fiscal years 2026 through 2034. The resolution provides comprehensive financial guidelines for the federal government, including detailed projections for federal revenues, budget authority, outlays, deficits, and public debt across various functional categories such as national defense, international affairs, health, education, and more. It includes specific reconciliation instructions for House and Senate committees to submit recommendations aimed at reducing the deficit, with most committees required to either reduce spending or limit deficit increases. The resolution also includes provisions for potential adjustments to budget allocations, reserve funds for specific policy goals like government deregulation, and policy statements emphasizing economic growth, mandatory spending reduction, and government deregulation. A key goal is to achieve at least $2 trillion in net deficit reduction over the 10-year budget window, with mechanisms in place to adjust committee instructions if this target is not met. The document serves as a blueprint for fiscal policy and budgetary planning, guiding how the federal government might approach spending, revenue, and economic management in the coming years.

https://www.congress.gov/bill/119th-congress/house-concurrent-resolution/14/all-info