Continuing Resolution For 2025 Budget. In the evening of december 20, the house and senate passed a continuing resolution to fund the government through march 14, 2025, averting the shutdown that was set to begin that night. Finance minister nirmala sitharaman is under pressure to reduce income tax rates for individuals earning up to rs 15 lakh annually.
Before the new year starts, congress must address the fiscal year 2025 budget, which currently is extended under a continuing resolution (cr) through december 20. The original estimate showed a $40.