Senate budget plan targets zero deficit by 2031, debt still near $47 trillion
Placed on the calendarS.Con.Res. 40Latest action
Sponsor: Rand Paul · Senator · KY
AIDecoded by AI · checked against the recordRead the official text
Official title: A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036.
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
Rand Paul's sets ten-year federal targets, projecting deficits ending by 2031 while debt still grows to about $47 trillion by 2036.
60-second read · 5 questions answered below
What does this do?
SCONRES 40 is a budget plan, not a regular law, and it does not spend money or change taxes on its own. It sets targets for federal revenue and spending from 2027 through 2036. It also sets rules for how Congress tracks these numbers and defines an "emergency" in the House as something sudden, urgent, unforeseen, and temporary.
Who does it affect?
It affects everyone only indirectly, since it guides later spending and tax bills. Programs such as the military, Medicare, veterans' benefits, and federal agencies could see funding shaped by these limits.
Why does it matter?
The real effects come later, when Congress passes spending bills that must fit within these limits. The resolution was introduced by Senator Rand Paul and has not been voted on, and budget resolutions often change a lot or never pass.
What does it cost, and who pays?
- About $4.5T revenue in 2027
- Defense about $955B in 2027
- Debt about $47T by 2036
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Placed on Calendar Senate” text of Sep 22, 2026.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedSep 22, 2026
- Senate committee
- Senate voteYou are here · Sep 22, 2026
- House
- Adopted by both chambers
Right now: it was placed on the , and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate. Both chambers have to adopt the same text. This kind of resolution never goes to the president and does not become law.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 677.