White House Releases FY 2025 Budget Request

The Biden administration unveiled its annual budget request for fiscal year (FY) 2025 yesterday as policymakers race to play catch-up on the lagging appropriations process. Government funding is expected to eat up significant bandwidth in Washington in the coming weeks and months ahead, especially given the fact that Congress still needs to pass the remaining six bills for FY 2024. Notably, Office of Management and Budget (OMB) Director Shalanda Young and Health and Human Services (HHS) Secretary Xavier Becerra are set to testify on the president’s budget request this week in the Senate Budget and Finance Committees, respectively.

• Key Budget Docs. Text of the president’s budget request can be viewed here. The administration’s repository of press releases, “fact sheets,” and other supplementary materials on the budget request can be viewed here. The Treasury Department’s 2025 Revenue Proposals, otherwise known as the “Greenbook,” can be viewed here.

• Today on the Hill. Both chambers will gavel in for legislative business today. In the House, lawmakers will take up a bill that will require federal agencies to reduce their office space if they do not maintain a 60 percent utilization rate of their buildings. The House will also take up a GOP-sponsored resolution to denounce the Biden administration’s policies at the U.S.-Mexico border. Meanwhile, the Senate will resume consideration of pending presidential nominations, starting with a vote on Jasmine Yoon’s nomination to be a District Judge for the Western District of Virginia.