US Budget for 2025-2034

Senate: Active Legislation

Published February 21st, 2025

Detected February 26th, 2026

Summary

The Senate agreed to Concurrent Resolution 7, establishing the US federal budget for fiscal year 2025 and setting budgetary levels through fiscal year 2034. The resolution includes reconciliation instructions for committees to report legislation affecting the deficit by specified amounts.

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What changed

Senate Concurrent Resolution 7, agreed to on February 21, 2025, establishes the congressional budget for the United States Government for fiscal year 2025 and sets forth appropriate budgetary levels for fiscal years 2026 through 2034. It recommends levels for federal revenues, budget authority, outlays, deficits, public debt, and major functional categories, including specific amounts for Social Security and Postal Service discretionary administrative expenses for budget enforcement. The resolution also directs House and Senate committees to report legislation that will increase or decrease the deficit by specified amounts over the period FY2025-FY2034.

This resolution requires legislative action from several House and Senate committees, with a deadline of March 7, 2025, for submitting reconciliation legislation. While the resolution itself sets the budget framework, the practical implications lie in the subsequent legislation that committees must produce. Compliance officers should be aware of the deficit targets and the expedited legislative procedures that will apply to these reconciliation bills, which are designed to prevent filibusters and restrict amendments in the Senate.

What to do next

Monitor reconciliation legislation reported by House and Senate committees by March 7, 2025.
Assess the impact of deficit targets and budgetary levels on agency operations and future legislative proposals.
Prepare for expedited legislative procedures applicable to reconciliation bills.

Source document (simplified)

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S.Con.Res.7 - An original concurrent resolution setting forth 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. 119th Congress (2025-2026) |

Concurrent Resolution

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| Sponsor: | Sen. Graham, Lindsey [R-SC] (Introduced 02/13/2025) |
| --- | --- |
| Committees: | Senate - Budget |
| Latest Action: | Senate - 02/21/2025 Resolution agreed to in Senate with amendments by Yea-Nay Vote. 52 - 48. Record Vote Number: 87. (text: CR S1119-1125) (All Actions) |
| Roll Call Votes: | There have been 27 roll call votes |
| Tracker: Tip | This bill has the status Agreed to in Senate

Here are the steps for Status of Legislation:

Introduced
Agreed to in Senate
Agreed to in House |

Subject — Policy Area:

Economics and Public Finance
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Summary: S.Con.Res.7 — 119th Congress (2025-2026) All Information (Except Text)

Listen There is one summary for S.Con.Res.7. Bill summaries are authored by CRS.

Shown Here:

Introduced in Senate (02/13/2025)

This concurrent resolution establishes the congressional budget for the federal government for FY2025, sets forth budgetary levels for FY2026-FY2034, and provides reconciliation instructions for legislation that increases or decreases the deficit by specified amounts.

The resolution recommends levels and amounts for FY2025-FY2034 for

federal revenues,
new budget authority,
budget outlays,
deficits,
public debt,
debt held by the public, and
the major functional categories of spending. It also recommends levels and amounts for Social Security and Postal Service discretionary administrative expenses for the purpose of budget enforcement in the Senate.

The resolution includes reconciliation instructions that direct several House and Senate committees to report legislation that will increase or decrease the deficit over FY2025-FY2034 by specified amounts. The committees must submit the legislation to the applicable congressional budget committee by March 7, 2025.

(Under current law, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.)

In addition, the resolution establishes reserve funds that allow certain adjustments to committee allocations and other budgetary levels to accommodate (1) reconciliation legislation, and (2) legislation that would not increase the deficit over FY2025-FY2034. The resolution also exempts reconciliation legislation that complies with this resolution from various budget points of order.

Finally, the resolution sets forth budget enforcement procedures that address issues such as adjustments to committee allocations and the budgetary treatment of the discretionary administrative expenses for the Social Security Administration and the U.S. Postal Service.