See >  https://www.budget.senate.gov/imo/media/doc/senate_amendment_h_con_res_14.pdf

The Senate Amendment to House Concurrent Resolution 14 (H.Con.Res.14) establishes the congressional budget for the United States Government for fiscal year 2025 and outlines budgetary levels for fiscal years 2026 through 2034. This comprehensive framework delineates federal revenues, expenditures, and policy directives.​

Title I—Recommended Levels and Amounts

Subtitle A—Budgetary Levels in Both Houses

Federal Revenues: The amendment projects federal revenue levels commencing at $3.699 trillion for FY2025, escalating to $5.243 trillion by FY2034.​

New Budget Authority: It establishes new budget authority starting at $4.664 trillion for FY2025 and increasing to $6.737 trillion by FY2034.​

Budget Outlays: Anticipated federal spending is detailed, with outlays of $4.636 trillion in FY2025, rising to $6.705 trillion by FY2034.​

Subtitle B—Levels and Amounts in the Senate

Social Security: Specific budgetary levels are designated for Social Security, ensuring its financial projections are incorporated within the overall budget framework.​

Postal Service Discretionary Administrative Expenses: Allocations for the discretionary administrative expenses of the Postal Service are included, reflecting its operational funding needs.​

Title II—Reconciliation

Reconciliation Directives: The amendment provides instructions for the House and Senate to develop legislation aligning spending and revenue with the budgetary goals set forth, facilitating adjustments to existing laws to meet fiscal objectives.​

Title III—Reserve Funds

Reserve Fund for Reconciliation Legislation: Establishes a fund to accommodate future legislation impacting the budget, allowing for adjustments in allocations to maintain fiscal balance.​

Deficit-Neutral Reserve Fund Relating to Government Deregulation: Creates a fund to support legislation aimed at reducing regulatory burdens, provided such actions do not increase the federal deficit.​

Spending Reduction Reserve Fund to Save More Than $2 Trillion: Sets aside a reserve fund dedicated to identifying and implementing spending cuts exceeding $2 trillion, emphasizing fiscal responsibility.​

Spending-Neutral Reserve Fund Related to Current Tax Policy Baseline: Establishes a fund to address adjustments in tax policy, ensuring that any changes are offset to prevent adverse fiscal impacts.​

Title IV—Other Matters

Adjustment for Spending Cuts of At Least $2 Trillion: Provides mechanisms to adjust budgetary allocations in response to significant spending reductions, ensuring such cuts are reflected in the overall fiscal plan.​

Enforcement Filing: Outlines procedures for enforcing the budgetary provisions and ensuring compliance with the established fiscal framework.​

Budgetary Treatment of Administrative Expenses: Specifies how administrative expenses are to be accounted for within the budget, promoting transparency and accountability.​

Application and Effect of Changes in Allocations, Aggregates, and Other Budgetary Levels: Details the process for applying and understanding the impact of any changes to budgetary allocations and aggregates.​

Adjustments to Reflect Changes in Concepts and Definitions: Allows for modifications to budgetary figures to accommodate evolving fiscal concepts and definitions, ensuring the budget remains relevant and accurate.​

Adjustment for Changes in the Baseline: Provides for updates to budget projections based on changes in baseline economic and fiscal conditions.​
U.S. Senate Budget Committee
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U.S. Senate Budget Committee
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U.S. Senate Budget Committee
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Exercise of Rulemaking Powers: Affirms Congress’s authority to establish and enforce rules governing the budget process, reinforcing legislative control over fiscal matters.​

Title V—Policy Statements in the House of Representatives

Policy Statement on Economic Growth: Emphasizes the importance of policies aimed at stimulating economic growth, highlighting priorities such as job creation and investment.​

Policy Statement on Mandatory Spending Reduction: Advocates for measures to reduce mandatory spending, aiming to address long-term fiscal sustainability.​

Policy Statement on Government Deregulation: Supports efforts to streamline government regulations, promoting efficiency and reducing burdens on businesses and individuals.​

Debt Ceiling Provisions

Together, the Senate’s amended resolution would add $5.8 trillion in new deficits over ten years. Per the Committee for a Responsible Federal Budget, that would double the growth of the debt-to-GDP ratio, with public debt reaching an astonishing 211 percent of GDP by 2055. To offset new tax cuts and spending, the Senate proposes $4 billion in spending cuts.