A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.
Senate Proposal Targets Federal Deficit with Plan to Reach Budget Surplus by 2030
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- This plan acts as a financial blueprint for the federal government for the next ten years. It sets a goal to stop the government from overspending and move from a $1.5 trillion deficit in 2026 to a budget surplus of over $313 billion by the year 2030.
- To reach these goals, the proposal calls for massive savings by finding efficiencies and combining government programs. These cuts would start at about $500 billion in 2026 and grow to over $3 trillion per year by 2035.
- The resolution changes how the Senate handles money by making it much harder to pass emergency spending. It would require two-thirds of Senators to agree before the government can spend extra money on unplanned events, like natural disasters or economic crises.
- It requires government watchdogs to check every new bill for duplication. This means if a new law tries to create a program that already exists elsewhere in the government, officials must point it out to prevent wasting taxpayer money on the same task twice.
- While many areas face cuts, the plan still sets aside significant funding for major needs. For 2026, it suggests spending about $913 billion on national defense and roughly $1 trillion each for Medicare and other health services.
Impact Analysis
Personal Impact
Life & Work
The resolution's centerpiece is a new budget category called 'New Efficiencies, Consolidations, and Other Savings' that starts at roughly $500 billion in cuts in 2026 and grows to over $3 trillion annually by 2035. While the resolution doesn't specify which agencies or programs would be cut, savings of this scale would almost certainly require significant reductions in the federal workforce through hiring freezes, layoffs, or program eliminations across multiple agencies.
Programs
Milestones
Motion to proceed to consideration of measure rejected in Senate by Yea-Nay Vote. 36 - 62. Record Vote Number: 521. (CR S6635-6637)
The Senate is voting on whether to even start debating this bill. This vote can be used to block bills before discussion begins.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 159.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Senate Committee on the Budget discharged pursuant to Section 300 of the Congressional Budget Act.
Referred to the Committee on the Budget. (text: CR S6602)
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Vote Results
1 voteOn the Motion to Proceed
Related News
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Dr. Rand Paul Introduces Six Penny Plan to Balance the Federal Budget in Five Years
Sen. Rand Paul introduced a 10-year budget resolution (S.Con.Res.22) that calls for reducing projected spending by 6% annually to achieve a surplus by 2030. The plan includes significant enforcement measures, such as a two-thirds majority requirement for the Senate to approve emergency spending.
Source Information
Document Type
Congressional Bill
Official Title
A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.