Search Results: keywords:"presidential budget"

  • H. R. 7656 — To amend title 31, United States Code, to require the President to submit a balanced budget to Congress, and for other purposes.
    Status:Introduced in House
    Words:240

    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. J. RES. 17 — Proposing a balanced budget amendment to the Constitution of the United States.
    Status:Introduced in House
    Words:334

    H. J. RES. 17 proposes an amendment to the U.S. Constitution to require that the country's total expenses do not exceed its income each fiscal year, unless two-thirds of Congress approve more spending. It mandates the President to submit a budget that aligns with this...

    Simple Explanation

    The bill is like a rule that says the United States must not spend more money than it earns each year, unless a big group of leaders agree to spend extra. It also wants the President to plan the budget to make sure spending and earning are balanced, but it allows some wiggle room just in case of surprises or emergencies.