HCONRES 14

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.

Sponsor: Rep. Arrington, Jodey C. [R-TX-19] · Latest action: 2025-05-20

H. Con. Res. 14 sets the FY2025–FY2034 congressional budget framework, directing 11 House committees to produce reconciliation legislation that nets at least $2 trillion in mandatory spending cuts to offset up to $4.5 trillion in tax cuts, while raising the debt limit by $4 trillion.

Where it is in the pipeline

Adopted

Introduced2025-02-18
In committee
Passed House2025-02-25
Adopted by Senate2025-04-03

Overview

This resolution establishes the FY2025 budget and budgetary levels through FY2034, projecting revenues to rise from about $3.4 trillion to $5.4 trillion and outlays from about $5.5 trillion to $7.5 trillion over the period, with annual deficits remaining above $1.7 trillion throughout and debt held by the public roughly doubling to $48.6 trillion by 2034. It cuts the revenue baseline by $450 billion each year (reflecting anticipated tax cuts) and directs 11 House committees to submit reconciliation recommendations by March 27, 2025. A key enforcement mechanism ties the size of the Ways and Means Committee's allowed deficit increase (for tax cuts) to whether other committees collectively achieve at least $2 trillion in net mandatory savings, and separately raises the statutory debt limit by $4 trillion.

Budget window: FY2025–FY2034

Key figures

Total revenues (FY2025): $3,408,969,000,000
Total revenues (FY2034): $5,410,030,000,000
Annual revenue reduction target (each year FY2025-FY2034): -$450,000,000,000
Total new budget authority (FY2025): $5,515,610,000,000
Total new budget authority (FY2034): $7,610,582,000,000
Total outlays (FY2025): $5,490,790,000,000
Total outlays (FY2034): $7,529,256,000,000
Deficit (FY2025): $2,081,821,000,000
Deficit (FY2034): $2,119,226,000,000
Debt subject to limit (FY2025): $37,660,656,000,000
Debt subject to limit (FY2034): $55,566,372,000,000
Debt held by the public (FY2025): $30,430,405,000,000
Debt held by the public (FY2034): $48,599,876,000,000
Statutory debt limit increase: $4,000,000,000,000
Target for mandatory spending reduction (policy goal): $2,000,000,000,000 over FY2025-FY2034

Reconciliation instructions

Directives telling committees to change spending or revenue — the mechanism that lets the resulting bill pass the Senate with a simple majority.

Committee on AgricultureReduce the deficitnot less than $230,000,000,000 over FY2025-FY2034
Committee on Armed ServicesMay increase the deficitnot more than $100,000,000,000 over FY2025-FY2034
Committee on Education and WorkforceReduce the deficitnot less than $330,000,000,000 over FY2025-FY2034
Committee on Energy and CommerceReduce the deficitnot less than $880,000,000,000 over FY2025-FY2034
Committee on Financial ServicesReduce the deficitnot less than $1,000,000,000 over FY2025-FY2034
Committee on Homeland SecurityMay increase the deficitnot more than $90,000,000,000 over FY2025-FY2034
Committee on the JudiciaryMay increase the deficitnot more than $110,000,000,000 over FY2025-FY2034
Committee on Natural ResourcesReduce the deficitnot less than $1,000,000,000 over FY2025-FY2034
Committee on Oversight and Government ReformReduce the deficitnot less than $50,000,000,000 over FY2025-FY2034
Committee on Transportation and InfrastructureReduce the deficitnot less than $10,000,000,000 over FY2025-FY2034
Committee on Ways and MeansMay increase the deficit (tax cuts); this instruction is subject to upward/downward adjustment based on whether other committees collectively achieve $2 trillion in net deficit reduction; also directed to increase the statutory debt limitnot more than $4,500,000,000,000 over FY2025-FY2034 (deficit increase); plus $4,000,000,000,000 debt limit increase

Policy statements

Policy on economic growth: pursue free-market policies that reduce federal spending, expand American energy production, lower taxes on work/savings/investment, deregulate the economy, and eliminate barriers to work.
Policy on mandatory spending reduction: goal of reducing mandatory spending by $2 trillion over the budget window; if authorizing committees fall short, the Ways and Means Committee's reconciliation instruction (for tax cuts) should be reduced by a commensurate amount.
Policy on government deregulation: continue examining ways to relieve regulatory burdens, promote deregulatory initiatives, reassert Congressional authority over rulemaking, and enact reconciliation legislation such as the REINS Act to scale back federal regulations.

Who is affected

Federal agencies and programs under the jurisdiction of Agriculture, Armed Services, Education and Workforce, Energy and Commerce, Financial Services, Homeland Security, Judiciary, Natural Resources, Oversight and Government Reform, Transportation and Infrastructure, and Ways and Means Committees
Taxpayers (via tax policy changes reducing revenue by $450 billion/year)
Recipients of mandatory spending programs (e.g., agriculture, education, health, income security programs) facing potential cuts
Holders of U.S. government debt (affected by the $4 trillion debt limit increase)
Federal regulatory agencies (subject to deregulation policy statement)

Read the official text on congress.gov.