H.R. 9735, titled the “Responsible Budgeting Act,” seeks to amend existing U.S. code to streamline the process of increasing the national debt limit. Under this bill, if Congress adopts a budget resolution with a specific debt-to-GDP ratio, a joint resolution automatically...
Simple Explanation
H.R. 9735, called the "Responsible Budgeting Act," is like a rule that lets the country's leaders automatically adjust how much the country can borrow if they agree on a money plan, but if they don't, the President can make a suggestion on how to borrow enough money, and everyone must decide quickly if they agree with the plan.