Bill > HJRes2

This joint resolution proposes a balanced budget amendment to the United States Constitution that would fundamentally change federal fiscal policy. If ratified by three-fourths of state legislatures, the amendment would require that total government spending (outlays) for any given fiscal year cannot exceed total government revenue (receipts), effectively mandating that the federal budget must be balanced each year. Additionally, the amendment would prohibit increasing the national debt ceiling and require that any bill aimed at raising government revenue must be approved by a two-thirds supermajority vote in both the House of Representatives and the Senate. This type of constitutional amendment is significant because it would create a strict legal requirement for fiscal discipline, potentially limiting the government's ability to run budget deficits or respond flexibly to economic challenges by borrowing money during recessions or emergencies.

Justice

https://www.congress.gov/bill/119th-congress/house-joint-resolution/2/all-info