Budgetary Revisions
Floor Speech
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Mr. GRAHAM. Mr. President, section 3001 of H. Con. Res. 14, the fiscal year 2025 congressional budget resolution, allows the chairman of the Senate Budget Committee to revise committee allocations, budgetary aggregates, and the pay-as-you-go ledger for legislation considered under the resolution's reconciliation instructions.
I find that H.R. 1, as enacted on July 4, 2025, fulfills the conditions found in section 3001 of H. Con. Res. 14. Accordingly, I am revising the allocations for the reconciled committees and other enforceable budgetary levels to account for the budgetary effects of the legislation. This adjustment reflects the estimate of the law provided by the Congressional Budget Office on July 21, 2025.
This adjustment supersedes the adjustment I previously made for the processing of amendment No. 2848 to H.R. 1.
Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2025)------ ($ in billions)------- ------------------------------------------------------------------------ 2025 ------------------------------------------------------------------------ -------------Current Spending Aggregates Budget Authority........................... 4,540.812 Outlays.................................... 4,549.048 Adjustment:------ Budget Authority........................... 206.018 Outlays.................................... -151.615 Revised Aggregates: Budget Authority........................... 4,746.830 Outlays.................................... 4,397.433 ------------------------------------------------------------------------ REVISIONS TO BUDGET AGGREGATES--REVENUES (Pursuant to Section 3001 of H. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2025)------ ---- ($ in billions)---------- ---------------------------------------------------------------------------------------------------------------- 2025 2025-2029 2025-2034--------- ---------------------------------------------------------------------------------------------------------------- Current Revenue Aggregates............................ 3,849.664 20,485.700 45,285.946 Adjustments........................................... -123.785 -818.826 -835.408 Revised Revenue Aggregates............................ 3,725.879 19,666.874 44,450.538 ---------------------------------------------------------------------------------------------------------------- ALLOCATION OF SPENDING AUTHORITY TO SENATE COMMITTEES OTHER THAN APPROPRIATIONS (Pursuant to Section 3001 of H. Con. Res. 14, the Concurrent Resolution on the Budget For Fiscal Year 2025)------ -- ($ in billions)---------- ---------------------------------------------------------------------------------------------------------------- 2025 2025-2029 2025-2034--------- ---------------------------------------------------------------------------------------------------------------- ------------------Agriculture, Nutrition, and Forestry:-------- Budget Authority.................................. 185.761 967.912 1,987.937 Outlays........................................... 177.349 926.669 1,876.969 Adjustments:-------- Budget Authority.................................. -5.425 -46.310 -117.392 Outlays........................................... 0.400 -47.272 -119.960 Revised Allocation:-------- Budget Authority.................................. 180.336 921.602 1,870.545 Outlays........................................... 177.749 879.397 1,757.009-------- Armed Services-------- Budget Authority.................................. 289.771 1,117.079 2,102.064 Outlays........................................... 287.699 1,113.882 2,104.071 Adjustments:-------- Budget Authority.................................. 156.154 153.405 153.405 Outlays........................................... 2.020 130.659 149.542 Revised Allocation:-------- Budget Authority.................................. 445.925 1,270.484 2,255.469 Outlays........................................... 289.719 1,244.541 2,253.613------- Banking, Housing, and Urban Affairs:-------- Budget Authority.................................. 26.245 87.321 277.233 Outlays........................................... -12.404 -128.025 -165.530 Adjustments:-------- Budget Authority.................................. 0.942 0.338 -0.794 Outlays........................................... 0.085 0.176 -0.668 Revised Allocation:-------- Budget Authority.................................. 27.187 87.659 276.439 Outlays........................................... -12.319 -127.849 -166.198-------- Commerce, Science, and Transportation:-------- Budget Authority.................................. 28.674 112.433 208.612 Outlays........................................... 19.151 103.520 188.736 Adjustments:-------- Budget Authority.................................. 45.715 37.854 -39.419 Outlays........................................... -0.065 15.554 -41.186 Revised Allocation:-------- Budget Authority.................................. 74.389 150.287 169.193 Outlays........................................... 19.086 119.074 147.550-------- Energy and Natural Resources:-------- Budget Authority.................................. 11.317 46.797 94.470 Outlays........................................... 14.111 73.125 129.454 Adjustments:-------- Budget Authority.................................. -10.154 -12.992 -25.678 Outlays........................................... -0.056 -5.494 -19.149 Revised Allocation:-------- Budget Authority.................................. 1.163 33.805 68.792 Outlays........................................... 14.055 67.631 110.305-------- Environment and Public Works:-------- Budget Authority.................................. 65.948 333.253- 657.947 Outlays........................................... 26.197 70.513 92.512 Adjustments:-------- Budget Authority.................................. -6.579 -6.579 -6.579 Outlays........................................... -0.857 -4.487 -4.959 Revised Allocation:-------- Budget Authority.................................. 59.369 326.674 651.368 Outlays........................................... 25.340 66.026 87.553-------- Finance:-------- Budget Authority.................................. 4,098.211 22,927.227 53,373.809 Outlays........................................... 4,086.136 22,904.608 53,305.155 Adjustments:-------- Budget Authority.................................. 1.207 -229.152 -1,062.592 Outlays........................................... 0.782 -248.666 -1,065.413 Revised Allocation:-------- Budget Authority.................................. 4,099.418 22,698.075 52,311.217 Outlays........................................... 4,086.918 22,655.942 52,239.742-------- Health, Education, Labor, and Pensions:-------- Budget Authority.................................. 58.247 281.354 537.451 Outlays........................................... 73.149 274.662 513.809 Adjustments:-------- Budget Authority.................................. -154.200 -211.434 -304.922 Outlays........................................... -153.929 -200.948 -283.022 Revised Allocation:-------- Budget Authority.................................. -95.953 69.920 232.529 Outlays........................................... -80.780 73.714 230.787-------- Homeland Security and Governmental Affairs:-------- Budget Authority.................................. 183.814 962.501 2,038.641 Outlays........................................... 186.248 954.058 2,009.642 Adjustments:-------- Budget Authority.................................. 132.701 132.402 130.779 Outlays........................................... 0.005 78.512 128.911 Revised Allocation:-------- Budget Authority.................................. 316.515 1,094.903 2,169.420 Outlays........................................... 186.253 1,032.570 2,138.553-------- Judiciary:-------- Budget Authority.................................. 25.392 121.706 241.572 Outlays........................................... 23.858 120.549 237.629 Adjustments:-------- Budget Authority.................................. 45.657 49.466 46.611 Outlays........................................... 0.000 30.729 46.056 Revised Allocation:-------- Budget Authority.................................. 71.049 171.172 288.183 Outlays........................................... 23.858 151.278 283.685-------- --------------------------------------------------------- --------Memo--Total of All Adjustments:-------- Budget Authority.................................. 206.018 -133.002 -1,226.581 Outlays........................................... -151.615 -251.237 -1,209.848-------- ---------------------------------------------------------------------------------------------------------------- ------------ PAY-AS-YOU-GO SCORECARD FOR THE SENATE------ (Revisions Pursuant to Section 3001 of H. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2025)------ ($ in billions)------ ------------------------------------------------------------------------ Balances ------------------------------------------------------------------------ ------------Current Balances:------ Fiscal Year 2025........................... 0.000 Fiscal Years 2025-2029..................... 0.000 Fiscal Years 2025-2034..................... 0.000------ Revisions:------ Fiscal Year 2025........................... 0.000 Fiscal Years 2025-2029..................... 565.589 Fiscal Years 2025-2034..................... 0.000------ Revised Balances:------ Fiscal Year 2025........................... 0.000 Fiscal Years 2025-2029..................... 565.589 Fiscal Years 2025-2034..................... 0.000------ ------------------------------------------------------------------------ Section 4106 of H. Con. Res. 71, the FY 2018 budget resolution,
specifies that the budgetary effects of a reconciliation bill with net
deficit reduction ``shall never be made available on the pay-as-you-go
ledger and shall be dedicated only for deficit reduction.'' Since the
savings from H.R. 1 will not be entered on the PAYGO scorecard, no
adjustment is necessary. The law will reduce on-budget deficits by
$28.230 billion in 2025 and $378.440 billion over the 2025-2034,
excluding savings from funds originally given an emergency
designation. ------
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