This week, the Senate approved the FY2005 budget resolution. The House Budget Committee began its consideration of the budget resolution on March 11 but has postponed completion until next week.
Senate Action
After four days of debate, the Senate approved, 51-45, the FY2005 budget resolution (S. Con. Res. 95) on March 12. The Senate Budget Committee approved the resolution on March 4 (see The Source, 3/5/04).
Under the resolution, $814 billion would be provided for discretionary spending in FY2005, $9 billion below the administration’s request.
During consideration of the resolution, the Senate approved, 51-48, an amendment by Sen. Russell Feingold (D-WI) that would reinstate the pay-as-you-go (PAYGO) rule requiring that any tax cuts or spending increases be offset with revenue increases or spending cuts. A 60-vote majority in the Senate would be required to override the PAYGO rule.
The Senate also adopted the following amendments:
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The Senate opposed the following amendments:
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House Committee Action
On March 11, the House Budget Committee began its consideration of the FY2005 budget resolution (as-yet-unnumbered). A second mark-up session to complete the resolution has been scheduled for March 17. Details of the resolution will be available at that time.
During consideration of the resolution, the committee rejected the following amendments:
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