Has The Federal Budget Been Passed For 2025. It is budget season on capitol hill and agency leaders are busy defending their 2025 spending plans in front of the appropriations committees. The appropriations process for fiscal year (fy) 2025 has begun, with action in both the house of representatives and the senate.
In this report, the congressional budget office examines how those proposals, if enacted, would affect budgetary outcomes in relation to cbo’s most recent baseline budget. The house, meanwhile, has already approved some of its fiscal 2025 measures on the floor, but biden has threatened to veto them over the cuts they contain.
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