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Search Results: keywords:"budget enforcement"

  • H. R. 9353 proposes an amendment to the U.S. Constitution that would require the federal government to maintain a balanced budget, meaning its spending (outlays) does not exceed its income (receipts) each fiscal year. Exceptions to this rule could be made if there’s a...

    Simple Explanation

    The bill wants to make sure that the money the U.S. government spends each year does not go over what it earns, like making sure your piggy bank only spends what you have inside. But, if there is a big emergency, like a war or natural disaster, Congress can vote to spend more for those special situations.

  • The bill H.R. 7656, known as the “Balanced Budget and Accounting Act,” aims to change the way the President of the United States submits the national budget. It proposes that each annual budget submitted by the President must be a balanced budget, meaning that the money the...

    Simple Explanation

    The bill wants to make sure that the money the U.S. plans to spend each year is the same or less than the money it will make, like making sure not to spend more allowance than you get each week. This is to help the country be careful with its money, just like how you might save your allowance to buy a toy without going into debt.

  • H. CON. RES. 117 outlines the United States congressional budget for the fiscal year 2025 and establishes appropriate budget levels for the years 2026 through 2034. The bill addresses budget enforcement rules and policy statements related to various issues such as economic...

    Simple Explanation

    H. CON. RES. 117 is like a big plan for how the United States will spend and save its money from 2025 to 2034, making sure the country can pay for important things like defense and health, but it might be tricky to understand because some parts aren't super clear about where all the money will go or how it will be saved.