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After accounting for the decreased IRS spending, this amounts to a $46 billion deficit increase (6) This fiscal year, net interest will total $952 billion, or 3.2 percent of GDP
2025 Federal Budget Bibbye Rachel The budget plan also directs a variety of House committees to cut spending by at least $1.5 trillion while stating that the goal is to reduce spending by $2 trillion over 10 years Under budget reconciliation, primary deficits after FY2034 cannot increase. (b) Policy on mandatory spending reduction.—It is the goal of this concurrent resolution to reduce mandatory spending by $2 trillion over the budget window
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2025 Federal Budget Bibbye Rachel . It would also allocate $300 billion for spending on defense and border security, raise the debt ceiling by $4 trillion over two years, and add almost $3 trillion to the federal deficit over 10 years. The budget plan also directs a variety of House committees to cut spending by at least $1.5 trillion while stating that the goal is to reduce spending by $2 trillion over 10 years
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