Concurrent resolution revising the congressional budget for the U.S. government for the fiscal year 1976, directing certain reconciliation action, and providing for the transition quarter.

Summary

Sets forth budget levels for the fiscal year beginning on July 1, 1975 which include: (1) total budget outlays of $375,600,000,000; (2) new budget authority of $406,200,000,000; (3) a budget deficit of $74,800,000,000; (4) Federal revenues of $300,800,000,000; and (5) a public debt of $623,200,000,000. Directs the Senate Committee on Finance and the House Committee on Ways and Means to submit to their respective Houses legislation to decrease Federal revenues by $6,400,000,000. States the budget levels for the transition quarter beginning on July 1, 1976.

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1 official file

• Introduced in Senate

  summary · EN · 12 November 1975

  Open at official source

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