in the next two years

By America-Today      Apr 11, 2025

The reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year

(FY) 2025 would allow for a $4 to $5 trillion debt limit increase. Historically, debt ceiling increases

have been used as an opportunity to enact deficit reduction or facilitate budget reforms – but this

under the Senate’s instructions.

The allowed debt limit increase – $4 trillion in the House and up to $5 trillion in the Senate – would

be the largest specified increase in history.¹ The previous largest dollar increase was $2.5 trillion,

which was a standalone measure to raise the debt ceiling at the end of 2021.

The budget would also allow more ten-year borrowing than any debt-limit increase in history – with

the House’s $2.8 trillion almost twice as large as the previous record and the Senate’s $5.8 trillion

almost four times as large.

In fact, the Senate instructions would allow more than three times as much ten-year borrowing as all

deficit-increasing debt limit deals over the past 15 years combined.