1、1 The House and Senate reconciliation instructions are set forth in sections 201 and 202 of thebudget resolution; see pages 11-14 of the Conference Report on H.Con.Res. 95, H.Rept. 109-62(April 28, 2005).Congressional Research Service? ?The Library of CongressCRS Report for CongressReceived through
2、the CRS WebOrder Code RS22160June 7, 2005Reconciliation and the Deficit in FY2006 andThrough FY2010: Fact SheetPhilip D. WintersAnalyst in Government FinanceGovernment and Finance DivisionSummaryThe budget resolution for FY2006 (H.Con.Res. 95), adopted by Congress on April28, 2005, included reconcil
3、iation instructions for three bills.1 The first reconciliation billwould cut mandatory spending by $1.5 billion in FY2006 and by $34.7 billion overFY2006 FY2010. The second would reduce revenues by $11.0 billion in FY2006and by $70.0 billion over the five-year period. Another $35.7 billion in revenu
4、ereductions over five years was assumed in the budget resolution, but was not part of thereconciliation instructions. The third would raise the statutory public debt limit by $781billion to $8,965 billion to accommodate the governments ongoing borrowing needsto finance its deficits. Only the first t
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