The Agriculture Committee gets $12 billion, and the Intelligence Committee gets $13 billion. Those numbers are spending ceilings, meaning committees can spend up to that amount but not more.
The resolution is also designed to include President Donald Trump's voter ID bill, known as the SAVE Act. Speaker Mike Johnson has said he wants to weave some of Trump's election priorities into the package.
The big question is how to pay for all this spending. House Budget Chairman Jodey Arrington argued that offsets are not needed since the funds are allocated for the emergency defense supplemental that was submitted by the White House early this month.
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"We're talking about a defense supplemental, an emergency defense supplemental," Arrington said. "In my lifetime, I don't think we've ever had an offset for emergency supplemental defense spending." He also noted that the party sees an upside to going it alone. "We think not negotiating with Democrats on anything in an appropriations process is a win."
Not everyone in the GOP agrees. Rep. Warren Davidson predicted the plan is "DOA" - dead on arrival. Rep. Nancy Mace criticized the lack of offsets, saying the focus should be on cost-of-living instead.
Democrats are piling on too. Democratic Ranking Member Brendan Boyle criticized the proposal, stating it "would raise the national debt by tens of billions to fund the most unpopular war in American history" and calling it an "America Last budget."
House GOP leadership wants to move fast. The Budget Committee is set to mark up the resolution on Thursday at 9 a.m., and leadership hopes to bring it to the full House floor for a vote next week.
If the House passes the reconciliation bill, it heads to the Senate.
Budget reconciliation is a special legislative tool that allows Congress to fast-track spending, revenue, and debt-limit changes with a simple majority in the Senate, bypassing the usual 60-vote threshold. Both parties have used it to advance major priorities, but the process imposes strict rules: every provision must have a direct fiscal impact. This constraint could complicate the inclusion of non-budget items like voter ID requirements, forcing Republicans to either slim down the package or face procedural challenges from the Senate parliamentarian. The House GOP is pushing this resolution ahead of the midterm elections, hoping to deliver a signature win for Trump-aligned voters, but senior aides acknowledge that Senate passage remains an uphill battle.
The bottom line: This budget resolution is less a done deal and more a starting point for a messy political fight. Even if it clears the House, the Senate will be a hard wall to climb. For investors, the main takeaway is not about a single number - it is about what kind of spending the next Congress might fight over.
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