Establishing 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.

Key Provisions

• Sets specific targets for federal revenues, government spending, and the national debt for budget years 2025 through 2034.
• Instructs House committees to propose changes to laws that would reduce the deficit by a combined total of at least $2 trillion over ten years.
• Instructs the House Ways and Means Committee to propose changes that could increase the deficit by up to $4.5 trillion and raise the government's borrowing limit by $4 trillion.
• Instructs Senate committees to propose changes to laws that would reduce or increase the deficit by specific amounts, and the Senate Finance Committee to raise the government's borrowing limit by up to $5 trillion.
• Creates a reserve fund to allow for future legislation that would reduce government regulations without increasing the deficit.