Fiscal Year 2010

Senate Gives Final Approval to FY 2010 Budget (April 29, 2009)

Washington, DC - The Senate today gave final approval to the fiscal year 2010 budget conference agreement. The five-year fiscal plan preserves the major priorities in President Obama's budget plan. It makes investments in energy, education and health care. It provides significant middleclass tax relief for those making under $250,000. And it cuts the deficit by two-thirds by 2014. The 53 - 43 vote in support of the budget followed House passage earlier in the day.

"Passage of this budget sends a clear signal that Congress, working in concert with President Obama, is moving forward on a new agenda for the country," said Senate Budget Committee Chairman Kent Conrad. "The public spoke last November with their vote for change. Elected leaders spoke today with their vote for changing the nation's priorities. We have adopted the President's priorities of reducing our dependence on foreign energy, promoting excellence in education, and setting the stage for fundamental health care reform."

Read his press release.

Final Passage Materials (April 29, 2009)

Opening Floor Speech on Budget Conference Agreement & Charts Used (April 29, 2009)
Floor Speech on Budget Conference Agreement
& Charts Used (April 29, 2009)
Floor Speeches During Debate on Budget Conference Agreement (April 29, 2009)

Conference Committee

Conference Agreement Reached (April 27, 2009)

Senate and House negotiators have reached agreement on a budget resolution for fiscal year 2010 that preserves the major priorities in President Obama’s budget plan. The resolution invests in energy, education, and health care – laying a new foundation for our nation’s economy. It provides significant middle-class tax relief, directed at families with incomes under $250,000. And it begins to put the country back on a more fiscally responsible path by cutting the deficit in half by 2012 and by two-thirds by 2014 – bringing the deficit down to three percent of GDP.

Sen. Conrad released a statement after the agreement was annoucned:

This budget is a major accomplishment. We are meeting President Obama’s goals of reducing our dependence on foreign energy, striving for excellence in education, reforming our health care system, and providing middle-class tax relief – all while still cutting the deficit substantially. These important steps will lay the foundation for our nation’s long-term economic security.

Read the full press release.

Conference Agreement Materials (April 27, 2009)

The Conference Committee for the FY 2010 Budget Resolution met on April 27, 2009 to negotiate an agreement between the House and Senate on the resolution. Below are materials related to the Conference Committee:

Conrad Opening Remarks at Budget Conference Meeting (April 27, 2009)
Conrad Floor Speech on Motions to Instruct Conferees & Charts Used (April 23, 2009)
Floor Speech on Motions to Instruct Conferees on Spending & Charts Used (April 23, 2009)

Senate Floor Consideration

Senate Passes FY 2010 Budget Resolution (April 2, 2009)

Sen. Conrad released a statement after the Senate passed the FY 2010 Budget Resolution by a vote of 55-43.

The Senate today has taken an important step toward adopting the core priorities laid out in President Obama’s budget plan. The Senate-passed budget resolution reduces our nation’s dependence on foreign energy, supports excellence in education, facilitates reform of our health care system, and provides significant middle-class tax relief. And our budget cuts the deficit in half by 2012 and by two-thirds by 2014 – bringing the deficit down to just 2.9 percent of GDP.

Read the full press release.

Senate Floor Materials (March 30, 2009)

The FY 2010 Budget Resolution was debated on the Senate floor the week of March 30, 2009. Below are materials used by Sen. Conrad during the debate of the resolution:

Opening Floor Speech & Charts Used (March 30, 2009)
Floor Speech & Charts Used (March 30, 2009)
Floor Speech & Charts Used (March 31, 2009)
Floor Speech (April 2, 2009)
Floor Speech on McCain Alternative Amendment (April 2, 2009)

Mark Up

Conrad Statement on Committee Passage (March 26, 2009)

Sen. Conrad released a statement after the Budget Committee passed the FY 2010 budget resolution by a 13-10 vote.

The budget we have now passed out of the Budget Committee preserves the core priorities in President Obama's budget plan. It reduces our dependence on foreign energy. It supports excellence in education. It allows for a major health reform initiative to bend the cost curve on health care and improve the health of our citizens. And it provides significant middle-class tax relief, directed at families making under $250,000.
Read the full press release.

Mark Up Materials (March 25, 2009)

The FY 2010 Budget Resolution was marked up on March 25th & 26th, 2009. Chairman Kent Conrad presided over the mark up, which began with opening statements from members of the Budget Committee.

Below are transcripts of Chairman Kent Conrad's remarks and charts used during the mark up:

Sen. Conrad's Remarks
(March 25)
Sen. Conrad's Remarks (March 26)
Charts Used During FY 2010 BR Mark Up

Chairman's Mark (March 25, 2009)

The Chairman’s Mark for the Fiscal Year 2010 Senate Budget Resolution is a fiscally responsible budget plan that addresses the fiscal and economic crises inherited by the Obama Administration and lays the foundation for long-term economic security. It preserves the major priorities in President Obama’s budget proposal: reducing our dependence on foreign energy; striving for excellence in education; and reforming our health care system. It provides significant middle-class tax relief, directed at families with incomes under $250,000. And it cuts the deficit in half by 2012, and by two-thirds by 2014.