This report provides a select chronology and resource guide concerning congressional and presidential actions and documents pertaining to the budget for FY 2005, which runs from October 1st, 2004, through September 30, 2005. The budget actions and documents referenced in this report relate to the President's FY 2005 budget submission, the FY 2005 Congressional Budget Resolution, reconciliation legislation, debt-limit legislation, and FY 2005 appropriation measures.

After a series of devastating hurricanes struck Florida and other states in the summer of 2004, the 108th Congress passed two emergency supplemental appropriations statutes that provide a total of $16.475 billion to areas stricken by the hurricanes and other natural disasters. The House and Senate quickly approved legislation (H.R. 5005) the day after President Bush submitted a request on September 6 for $2 billion in FY2004 funding, largely in response to the devastation caused by Hurricanes Charley and Frances in Florida. The other issue that was a matter of public debate focused on a proposed amendment in the House to fully offset the cost of the FY2005 supplemental through a proportional reduction in discretionary funds; the House rejected the amendment.