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Also tagged in: Access to health care, Accounting, Actions and defenses, Administrative procedure, Advice and consent of the Senate, Aged, Agricultural machinery, Agricultural research, Agriculture, Air pollution, Air pollution control, Alabama, Alaska, Alcohol as fuel, Alcohol tax, Alcoholic beverages, Alternative energy sources, Ambulatory care, American Samoa, Apartment houses, Apprenticeship, Auctions, Auditing, Authorization, Automobile engines, Aviation fuels, Bank capital, Bank employees, Bank failures, Bank fraud, Bank loans, Banks and banking, Bicycles, Biomass energy, Black lung, Bonds, Books, Brokers, Budgets, Building construction, Building materials, Business, Capital gains tax, Carbon cycle, Carbon dioxide, Cellulose, Charitable contributions, Children, Civil liberties, Civil rights, Civil rights enforcement, Coal, Cogeneration of electric power and heat, Coinsurance, College costs, Community development banking, Commuting, Computers, Conflict of interests, Congress, 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Latest Action: 10/03/2008 - Pursuant to the provisions of H. Res. 1525, the House moved to agree to the Senate amendments. (consideration: CR H10712-10806) Bill TextA bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 10/3/2008--Public Law. (There are 6 other summaries) (This measure has not been amended since it was passed by the Senate on October 1, 2008. The summary of that version is repeated here.)Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief Program - (Sec. 101) Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial [...] show full description
Also tagged in: Balanced budgets, Budget deficits, Budget surpluses, Budgets, Congress, Constitution, Constitutional amendments, Federal budget process, Federal budgets, Government trust funds, House rules and procedure, Legislation, Old age, survivors and disability insurance, Record votes, Senate rules and procedure, Social security, Social security finance, Tax rates, Taxation
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S186-187) Bill TextA joint resolution proposing an amendment to the Constitution of the United States relative to require a balanced budget and protect Social Security surpluses. 1/4/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Bars any surplus of receipts (including interest) over outlays of the Federal Old-Age and Survivors Insurance and the Federal Disability Insurance Trust Funds from being counted for purposes of this article. Requires any deficit of receipts (including interest) relative to outlays of such trust funds to be counted and to be completely offset by a surplus of all other receipts over all other outlays. Requires a three-fifths roll call vote of each House to increase [...] show full description
Also tagged in: Affordable housing, Aged, Agricultural subsidies, Agriculture, Alabama, Alternative energy sources, Appropriations, Armed forces, Armed forces abroad, Arms control, Artificial satellites, Asians, Authorization, Balanced budgets, Ballistic missile defenses, Bonds, Border patrols, Budget deficits, Budget reconciliation, Budget resolutions, Budgets, Building construction, Business, Child support, Children, Collection of accounts, College costs, Congress, Cost control, Counterterrorism, Criminal justice, Defense budgets, Defense contracts, Defense economics, Defense policy, Depreciation and amortization, Disability evaluation, Disabled, Disaster relief, East Asia, Economic growth, Economic policy, Education, Elementary and secondary education, Elementary education, Emergency management, Emergency medicine, Employee health benefits, Energy, Energy research, Engineering, Entitlements, Estate tax, Families, Federal aid to child health services, Federal aid to research, Federal employees, Finance, Fire fighters, Floods, Food, Food relief, Food stamps, Fraud, Government employees, Government spending reductions, Health care fraud, Health information systems, Health insurance, Health policy, Higher education, History, House rules and procedure, Housing, Hunger, Hurricanes, Income tax, Insurance premiums, International competitiveness, Labor, Law enforcement officers, Legislation, Legislative resolutions, Local taxation, Louisiana, Marine terminals, Married people, Mathematics, Medical care, Medical economics, Medical fees, Medically uninsured, Medicare, Medicine, Military cemeteries and funerals, Military hospitals, Military medicine, Military pay, Minimum tax, Mississippi, Nuclear nonproliferation, Old age, survivors and disability insurance, Paramedical personnel, Pay equity, Performance measurement, Philippines, Physicians, Police, Poor children, Power marketing administrations, Preventive medicine, Public debt, Quality of care, Research and development, Research and development tax credit, Research grants, Retired military personnel, Retiree health benefits, Rural affairs, Rural education, Sales tax, School buildings, Science policy, Scientific education, Scientists, Secondary education, Security measures, Small business, Social security, Space activities, State and local government, State taxation, Student aid, Supplemental security income program, Tax administration, Tax credits, Tax deductions, Tax rates, Tax simplification, Taxation, Teacher education, Teacher supply and demand, Technological innovations, Technology, Telecommunication, Terrorism, Texas, Trade, Transportation, Transportation safety, Unemployment insurance, Veterans, Veterans' benefits, Veterans' medical care, Waste in government spending, Weapons systems, Welfare, Welfare eligibility, World War II
Latest Action: 03/29/2007 - Considered as unfinished business. (consideration: CR H3283-3338; text of measure as reported in House: CR H3283-3289) Bill TextRevising the congressional budget for the United States Government for fiscal year 2007, establishing the congressional budget for the United States Government for fiscal year 2008, and setting forth appropriate budgetary levels for fiscal years 2009 through 2012. 3/29/2007--Passed House without amendment. (There are 2 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Revises and replaces the congressional budget for the federal government for FY2007. Sets forth the congressional budget for the federal government for FY2008, including the appropriate budgetary levels for FY2009-FY2012. Title I: Recommended Levels and Amounts - (Sec. 101) Recommends budgetary levels and amounts for FY2007-FY2012 for: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; [...] show full description
Also tagged in: Balanced budgets, Budget deficits, Budgets, Congress, Congressional voting, Constitution, Constitutional amendments, Federal budgets, Income tax, Legislation, Politics and government, Record votes, Tax rates, Taxation
Latest Action: 02/02/2007 - Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. Bill TextProposing a balanced budget amendment to the Constitution of the United States. 1/4/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a three-fifths rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
Also tagged in: Balanced budgets, Budget deficits, Budgets, Congress, Congressional budget, Congressional voting, Constitution, Constitutional amendments, Federal budgets, Income tax, Legislation, Politics and government, Record votes, Tax rates, Taxation
Latest Action: 02/02/2007 - Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. Bill TextProposing a balanced budget amendment to the Constitution of the United States. 1/4/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a three-fifths rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
Also tagged in: Balanced budgets, Budget deficits, Budgets, Congress, Congressional budget, Congressional voting, Constitution, Constitutional amendments, Federal budgets, Income tax, Legislation, Legislative resolutions, Politics and government, Record votes, Tax rates, Taxation
Latest Action: 01/05/2007 - Referred to the House Committee on the Judiciary. Bill TextProposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation. 1/5/2007--Introduced. Constitutional Amendment - Requires Congress and the President, before each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment into law of a joint resolution devoted solely to that subject. Prohibits outlays for such fiscal year (except those for repayment of debt principal) from exceeding such estimated receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over estimated receipts. Provides that whenever actual outlays exceed actual receipts for any fiscal year, Congress shall, in the ensuing fiscal year, provide by law for the repayment of such excess. Requires a three-fifths rollcall vote of each chamber to increase [...] show full description
Also tagged in: Balanced budgets, Budget deficits, Budgets, Congress, Congressional voting, Constitution, Constitutional amendments, Disaster relief, Emergency management, Federal budgets, Income tax, Legislation, Off-budget expenditures, Politics and government, Record votes, Tax rates, Taxation
Latest Action: 03/01/2007 - Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. Bill TextProposing a balanced budget amendment to the Constitution of the United States. 1/31/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a three-fifths rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict. Requires Congress, by appropriate legislation, to provide that outlays for natural disasters do not count as outlays [...] show full description
Latest Action: 09/29/2007 - Signed by President. Bill TextIncreasing the statutory limit on the public debt. 9/29/2007--Public Law. (There are 4 other summaries) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Increases the statutory limit on the public debt from $8.965 trillion to $9.815 trillion.
Also tagged in: Affordable housing, Afghanistan, Aged, Agricultural subsidies, Agriculture, Alcohol as fuel, Alien labor, Alternative energy sources, Appropriations, Armed forces, Armed forces abroad, Authorization, Border patrols, Budget deficits, Budget reconciliation, Budget resolutions, Budget surpluses, Budgets, Business, Children, College costs, Congress, Congressional agencies, Congressional Budget Office, Congressional committees (Senate), Congressional conference committees, Congressional voting, Counterterrorism, Criminal justice, Day care, Defense budgets, Defense economics, Defense policy, Department of Health and Human Services, Disability evaluation, Disabled, District of Columbia, Drug utilization, Economic policy, Electric power transmission, Electric vehicles, Electronic data interchange, Emergency management, Employee health benefits, Energy, Energy conservation, Energy crops, Energy efficiency, Energy security, Executive departments, Federal aid to child health services, Federal aid to housing, Federal budget process, Finance, Fire prevention, Food, Food and Drug Administration (FDA), Foreign policy, Forest fires, Government securities, Government spending reductions, Government trust funds, Governmental investigations, Health care fraud, Health information systems, Health insurance, Health policy, Higher education, Housing, Illegal aliens, Immigration, Imports, Income tax, Indian claims, Information technology, International affairs, Iraq, Iraq compilation, Labor, Legislation, Legislative amendments, Legislative resolutions, Liability insurance, Logistics, Long-term care, Medical care, Medical fees, Medical records, Medically uninsured, Medicare, Medicine, Mental health services, Middle East and North Africa, Military and naval supplies, Military hospitals, Military medicine, Military occupation, Military operations, Military training, Minorities, Motor vehicles, National forests, Natural gas, Natural gas vehicles, Natural resources, Nutrition, Oil and gas royalties, Petroleum, Pharmaceutical research, Physicians, Poor children, Power marketing administrations, Prescription pricing, Prospecting, Public lands, Public-private partnerships, Quality of care, Revenue sharing, Right of privacy, Rural affairs, Rural economic development, Science policy, Senate Budget, Senate rules and procedure, Small business, Social security, Social security finance, South Asia, State and local government, Supplemental security income program, Tax administration, Tax refunds, Taxation, Technology, Telecommunication, Terrorism, Tobacco, Tobacco industry, Trade, Transportation, Unemployment insurance, User charges, Veterans, Veterans' benefits, Veterans' medical care, War casualties, War risk insurance, Welfare
Latest Action: 05/17/2007 - Conference papers: Senate report and manager's statement and message on House action held at the desk in Senate. Bill TextAn original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2008 and including the appropriate budgetary levels for fiscal years 2007 and 2009 through 2012. 5/16/2007--Conference report filed in House. (There are 4 other summaries) Sets forth the congressional budget for the federal government for FY2008, including the appropriate budgetary levels for FY2007 and FY2009-FY2012. Title I: Recommended Levels and Amounts - (Sec. 101) Lists recommended budgetary levels and amounts, for FY2007-FY2012, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; (5) debt subject to limit; and (6) debt held by the public. (Sec. 102) Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security and specified major functional categories for FY2007-FY2012. Title II: Budget Process [...] show full description
Also tagged in: Balanced budgets, Budget deficits, Budgets, Congress, Congressional voting, Constitution, Constitutional amendments, Federal budgets, Income tax, Legislation, Politics and government, Record votes, Tax rates, Taxation
Latest Action: 11/13/2007 - Read twice and referred to the Committee on the Judiciary. Bill TextA joint resolution proposing a balanced budget amendment to the Constitution of the United States. 11/13/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a two-thirds rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Requires a two-thirds rollcall vote of each chamber for final adoption of any bill to increase the internal revenue. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
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Also tagged in: Access to health care, Administrative procedure, Affordable housing, Afghanistan, Aged, Agricultural subsidies, Agriculture, Aid to dependent children, AIDS (Disease), Alternative energy sources, Animals, Appropriations, Armed forces, Armed forces abroad, Armed forces reserves, Auditing, Automobile industry, Balanced budgets, Bonds, Border patrols, Brain, Budget deficits, Budget resolutions, Budget surpluses, Budgets, Business, Cash welfare block grants, Child health, Child support, Children, Climate change, Coastal zone, Communications, Community health services, Congress, Congressional budget, Congressional conference committees, Congressional investigations, Congressional voting, Constitution, Constitutional amendments, Consumers, Criminal aliens, Criminal justice, Customs administration, Defense budgets, Defense contracts, Defense economics, Defense policy, Defense procurement, Dental care, Department of Commerce, Department of Health and Human Services, Deportation, Diabetes, Disability evaluation, Disabled, Disaster insurance, Drug approvals, Drugs, East Asia, Economic growth, Economic policy, Education, Emergency management, Employee health benefits, Energy, Energy efficiency, Energy security, Environmental protection, Executive departments, Families, Federal aid to child health services, Federal aid to education, Federal aid to housing, Federal aid to research, Federal aid to transportation, Federal aid to water resources development, Federal budget process, Finance, Financial statements, Floods, Food and Drug Administration (FDA), Food safety, Foreign policy, Government information, Government publicity, Government trust funds, Greenhouse gases, Head injuries, Health care fraud, Health information systems, Health insurance, Health policy, Higher education, Highway finance, History, Housing, Housing authorities, Housing subsidies, Human immunodeficiency viruses, Identification of criminals, Illegal aliens, Immigration, Import restrictions, Imports, Income tax, Indian claims, Indian medical care, Indian water rights, Infrastructure, Infrastructure (Economics), International affairs, Internet, Iraq, Iraq compilation, Job training, Judges, Judicial compensation, Labor, Law, Legislation, Legislative amendments, Legislative resolutions, Long-term care, Manufacturing industries, Marine resources, Marine resources conservation, Marketing, Mass rapid transit, Medicaid, Medical care, Medical education, Medical fees, Medical research, Medical residents, Medically uninsured, Medicare, Medicine, Mental health services, Middle East and North Africa, Military dependents, Military medicine, Military occupation, Military operations, Military pensions, Minimum tax, Mining royalties, Minorities, National Guard, National parks, Natural resources, Naturalization, New Mexico, Ocean, Old age, survivors and disability insurance, Pediatrics, Pennsylvania, Pensions, Performance measurement, Personnel records, Philippines, Physicians, Poor children, Postal service, Prescription pricing, Public broadcasting, Public debt, Public housing, Public lands, Quality of care, Research and development, Right of privacy, Sanctions (International law), Scholarships, School buildings, Science policy, Senate rules and procedure, September 11, 2001, Small business, Social security, Social security beneficiaries, Social security finance, South Asia, State and local government, Supplemental appropriations, Supplemental security income program, Tax administration, Tax credits, Tax deductions, Tax rates, Tax refunds, Taxation, Teachers, Teaching materials, Technological innovations, Technology, Telecommunication, Trade, Trade adjustment assistance, Trade agreements, Transportation, Trauma care, Unemployment insurance, United States Postal Service, User charges, Veterans, Veterans' benefits, Veterans' disability compensation, Veterans' education, Veterans' medical care, Veterinary medicine, War casualties, Waste in government spending, Water resources, Water supply, Web sites, Welfare, Welfare work participation, World War II
Latest Action: 06/05/2008 - Mr. Spratt brought up conference report H. Rept. 110-659 for consideration under the provisions of H. Res. 1214. Bill TextAn original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2009 and including the appropriate budgetary levels for fiscal years 2008 and 2010 through 2013. 5/20/2008--Conference report filed in House. (There are 4 other summaries) Sets forth the congressional budget for the federal government for FY2009, including the appropriate budgetary levels for FY2008 and FY2010-FY2013. Title I: Recommended Levels and Amounts - (Sec. 101) Lists recommended budgetary levels and amounts, for FY2008-FY2013, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. (Sec. 102) Lists the appropriate levels of new budget authority, outlays, and administrative expenses for Social Security, U.S. Postal Service discretionary administrative expenses, and specified major functional [...] show full description
Also tagged in: Affordable housing, Afghanistan, Aged, Air pollution, Alternative energy sources, Appropriations, Armed forces, Armed forces abroad, Armed forces reserves, Ballistic missile defenses, Bonds, Border patrols, Brain, Budget deficits, Budget reconciliation, Budget resolutions, Budget surpluses, Budgets, Carbon cycle, Carbon dioxide, Child support, Children, Civil liberties, Climate change, Coinsurance, Congress, Congressional budget, Congressional investigations, Counterterrorism, Criminal justice, Defense budgets, Defense economics, Defense policy, Defense procurement, Depreciation and amortization, Disability evaluation, Disabled, Drugs, East Asia, Economic growth, Economic policy, Education, Elementary and secondary education, Emergency communication systems, Emergency management, Employee health benefits, Energy, Energy efficiency, Energy security, Entitlements, Environmental protection, Estate tax, Families, Federal aid to child health services, Federal aid to education, Federal aid to housing, Federal aid to research, Federal employees, Finance, Food, Food prices, Food relief, Foreclosure, Fraud, Freight, Greenhouse gases, Head injuries, Health care fraud, Health information systems, Health insurance, Health policy, Health services administration, Higher education, History, House rules and procedure, Housing, Hunger, Immigration, Income tax, Indian claims, Indian water rights, Infrastructure, Infrastructure (Economics), Insurance premiums, Iraq, Iraq compilation, Job training, Labor, Legislation, Legislative resolutions, Local taxation, Managed care, Marine safety, Marine terminals, Married people, Mathematics, Medicaid, Medical care, Medical economics, Medical fees, Medically uninsured, Medicare, Medicine, Mental health services, Middle East and North Africa, Military and naval supplies, Military hospitals, Military medicine, Military occupation, Military operations, Military pensions, Military readiness, Military research, Military training, Minimum tax, Minorities, Mortgages, National Guard, National parks, Natural resources, New Mexico, Nuclear nonproliferation, Payments in lieu of taxes, Pensions, Performance measurement, Philippines, Physicians, Poor children, Post-traumatic stress disorder, Prescription pricing, Public contracts, Public debt, Public lands, Quality of care, Recruiting of employees, Research and development, Research and development tax credit, Retired military personnel, Retiree health benefits, Right of privacy, Salaries, Sales tax, School buildings, Science policy, Scientific education, Security measures, Small business, South Asia, Space activities, Space warfare, State and local government, State taxation, Supplemental appropriations, Supplemental security income program, Survivors' benefits, Tax administration, Tax credits, Tax deductions, Tax rates, Taxation, Technological innovations, Technology, Telecommunication, Terrorism, Trade, Trade adjustment assistance, Transportation, Unemployment insurance, Veterans, Veterans' benefits, Veterans' disability compensation, Veterans' employment, Veterans' medical care, War casualties, Waste in government spending, Water resources, Weapons systems, Welfare, World War II
Latest Action: 05/14/2008 - Rule H. Res. 1190 passed House. Bill TextRevising the congressional budget for the United States Government for fiscal year 2008, establishing the congressional budget for the United States Government for fiscal year 2009, and setting forth appropriate budgetary levels for fiscal years 2010 through 2013. 3/13/2008--Passed House without amendment. (There are 2 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Revises and replaces the congressional budget for the federal government for FY2008. Sets forth the congressional budget for the federal government for FY2009, including the appropriate budgetary levels for FY2010-FY2013. Title I: Recommended Levels and Amounts - (Sec. 101) Recommends budgetary levels and amounts for FY2008-FY2013 for: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; [...] show full description
Latest Action: 03/06/2008 - Referred to the House Committee on Rules. Bill TextAmending the Rules of the House of Representatives to strike rule XXVIII, popularly known as the "Gephardt rule", and to require recorded votes on measures that increase the statutory limit on the public debt. 3/6/2008--Introduced. Amends Rule XXVIII (Statutory Limit on Public Debt) of the Rules of the House of Representatives to make it out of order to enact legislation that increases the statutory limit on the public debt unless the vote upon final passage of such measure is a recorded vote. (Repeals the "Gephardt Rule" providing for mandatory adjustment of the statutory limit on the public debt to conform to a budget resolution.)
Also tagged in: Balanced budgets, Budget deficits, Budgets, Congress, Congressional voting, Constitution, Constitutional amendments, Federal budgets, Income tax, Legislation, Politics and government, Record votes, Tax rates, Taxation
Latest Action: 11/13/2007 - Read twice and referred to the Committee on the Judiciary. Bill TextA joint resolution proposing a balanced budget amendment to the Constitution of the United States. 11/13/2007--Introduced. Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a two-thirds rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Requires a two-thirds rollcall vote of each chamber for final adoption of any bill to increase the internal revenue. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
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