The bill titled S. 45 - Balanced Budget Accountability Act aims to hold Members of Congress accountable for not adopting a balanced budget. If Congress fails to pass a balanced budget by specified deadlines for fiscal years 2026 and 2027, their salaries will be withheld in an...
Simple Explanation
The Balanced Budget Accountability Act is a rule that tries to make sure Congress, the group that helps decide how the country's money is spent, doesn't spend more than it earns. If they don't do it right, they can't get their full salary until they fix it, and in some cases, they might only get $1 for the whole year, which means they really need to pay attention to the budget.