To amend the congressional budget process to provide for a pay-as-you-go budget for the United States, to provide for a biennial budget for the United States, and to provide line item veto authority for the President, and for other purposes.

[AI summary unavailable — showing source text] Title I: Pay-As-You-Go-Budget - Budget Reform Act of 1989 - Prohibits the President's budget and that adopted by the Congress in a concurrent resolution on the budget from including: (1) total budget outlays that exceed those for the preceding fiscal year, unless at least equivalent revenue increases and their sources are identified; and (2) a reduction in revenues from the preceding fiscal year, unless at least equivalent reductions in outlays are identified, along with the affected programs. Authorizes the Congress to waive the prohibition with respect to its budget resolution by a two-thirds vote. Makes it out of order in both the Senate and the House of Representatives to consider a concurrent budget resolution under which fiscal year revenues exceed outlays, unless the purposes for which the excess is to be allocated are specified. Title II: Biennial Budget - Biennial Budgeting Act of 1989 - Amends the Congressional Budget Act of 1974, the Congressional Budget and Impoundment Control Act of 1974, and other Federal law to revise the Federal budget process by: (1) establishing a two-year budgeting and appropriations cycle and timetable, beginning in the 102d Congress; and (2) re…