2025 Reconciliation Tracker

Now that the House and Senate have adopted separate budget resolutions with reconciliation instructions, lawmakers are discussing what to include in a forthcoming reconciliation package (see all of our resources here). We'll be tracking the portions of the package as they are released, marked up in committee, combined, and voted on. Below is a brief summary of where we are in the process with tables tracking the House and Senate bills. Check back for regular updates.

The House adopted a budget resolution for Fiscal Year (FY) 2025 (H.Con.Res. 14) on February 25. The resolution would allow for a reconciliation bill that could increase deficits by at least $2.8 trillion through FY 2034, potentially adding $3.4 to $4 trillion to the national debt including interest costs. The resolution calls for $4.5 trillion in deficit increases to the Ways and Means Committee (likely in the form of tax cuts), $300 billion in deficit increases for committees with defense and immigration jurisdiction, and $1.5 to $2 trillion of deficit reduction from other committees, $500 billion of which is not specified to a specific committee. It would also instruct the Ways and Means Committee to submit legislative changes to increase the debt ceiling by $4 trillion. You can find our full analysis of the House budget resolution here.

The Senate also adopted a separate budget resolution for Fiscal Year (FY) 2025 (S.Con.Res. 7) on February 21. Reconciliation instructions in its budget resolution would allow up to $517 billion in net deficit increases, largely from committees with defense, immigration, and energy jurisdiction. However, lawmakers will likely abandon this resolution for now and work off of the House's budget. You can find our full analysis of the Senate budget resolution here.

In the coming weeks, the House and Senate will work on a compromise budget resolution that would then need to pass each chamber to unlock the reconciliation process. One of the key decisions that may be reached during these negotiations is over the choice of a budget baseline. We have warned against the use of a “current policy baseline,” which is a massive budget gimmick that would justify and allow trillions of dollars of new borrowing.

The below tables will be updated as lawmakers make progress on the final budget resolution and subsequent reconciliation bill.

House of Representatives

Senate

Read more options and analyses on our Reconciliation Resources page.