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.

This bill is a concurrent resolution establishing the Congressional budget for fiscal year 2025 and setting budgetary levels for fiscal years 2026 through 2034. It lays out detailed targets for federal revenues, new budget authority, and outlays, as well as projected deficits and the trajectory of the national debt. It also assigns specific annual budget authorizations to major functional categories (such as National Defense, Health, Education, Social Security, etc.). In addition, the resolution creates a reconciliation process: it directs committees in both the House and Senate to propose changes in law to achieve agreed-on deficit reduction targets (while allowing some committees to increase deficits, particularly for defense and certain other areas). It also establishes reserve funds to accommodate reconciliation legislation, government deregulation, and sizeable spending reductions. Finally, it includes policy statements and administrative provisions related to enforcement, baselines, and rulemaking. In short, this is a framework bill that sets out a multi-year budget blueprint, guides future deficit-reduction measures through a reconciliation process, and provides mechanisms to adjust allocations and pursue deregulation and spending reductions while signaling policy priorities.