House Republicans passed their Fiscal Year 2025 budget resolution, [H. Con. Res. 14], setting forth a comprehensive framework for federal spending, revenue projections, and deficit expectations through 2034. The proposed budget authorizes $5.515 trillion in new budget authority for fiscal year 2025. Despite the significant spending plan, the budget forecasts a $2.08 trillion deficit. The budget seeks to reverse the “reckless spending spree” of the Biden administration, which has driven inflation, increased debt, and weakened national security.