H. J. RES. 3 proposes an amendment to the U.S. Constitution to help balance the national budget. The resolution requires that government spending does not exceed income and limits spending to 18% of the country's gross domestic product unless approved by a two-thirds majority in Congress. It...
Simple Explanation
The bill wants to make a new rule that says the government can't spend more money than it earns and needs special permission to spend extra or raise taxes. This would help keep the country's money balanced, but there are special rules for emergencies like wars.