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.