H.Con.Res. 14
H.Con.Res. 14 is a resolution that establishes the U.S. federal government's budget for the fiscal year 2025 and sets budgetary guidelines for the years 2026 through 2034. It includes instructions for Congress to create legislation that can either increase or decrease the national deficit and adjust the debt limit. The resolution outlines expected levels of revenue, spending, and debt for these years and directs 11 House committees to draft deficit-related legislation by March 27, 2025. It also includes a provision for a reserve fund to manage budget adjustments and sets rules for how the budget should handle administrative expenses for Social Security and the U.S. Postal Service. Additionally, it mandates adjustments to the deficit increase limit based on whether the committees achieve specific deficit reduction targets.