Proposing an amendment to the Constitution of the United States to provide that expenditures for any fiscal year shall not exceed receipts for the fiscal year.

[AI summary unavailable — showing source text] Constitutional Amendment - Prohibits fiscal year expenditures from exceeding receipts, unless the Congress approves a specific excess by three-fifths rollcall vote in each House. Authorizes the Congress to waive such prohibition when a declaration of war is in effect.…