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.
Summary
H.Con.Res. 14 is a concurrent budget resolution that has passed both the House and Senate. This non-binding resolution establishes the overall spending framework and budgetary levels that Congress will use to guide federal spending decisions for fiscal year 2025, with projected budget targets extending through fiscal year 2034. Budget resolutions serve as blueprints for how much money Congress can allocate to different government programs and agencies.
If signed, this resolution would set the parameters for subsequent spending bills and tax legislation. It addresses the federal budget deficit and national debt by establishing spending ceilings and revenue targets that Congress aims to follow. The resolution also affects the legislative process by determining what budget-related rules and procedures the House and Senate will follow when debating and voting on specific spending and tax bills.
As a concurrent resolution, this measure does not require the President's signature to take effect, unlike regular legislation. However, it provides the essential framework that Congress uses to manage federal finances and make decisions about how taxpayer money is allocated across defense, Social Security, Medicare, education, infrastructure, and other government programs. The multi-year targets through 2034 give Congress and the public visibility into projected spending and deficit levels for the coming decade.