Transparent and Sustainable Budget Act of 2010

[AI summary unavailable — showing source text] Transparent and Sustainable Budget Act of 2010 - Requires the President's annual budget to include: (1) a scorecard of progress in meeting debt and deficit reduction targets; (2) a plan for long-term fiscal sustainability, defined as reducing to within 10 fiscal years and then maintaining a debt to potential gross domestic product (GDP) ratio of up to 60% and an annual deficit to GDP ratio of up to 3%; and (3) a supplemental report from the Director of the Office of Management and Budget (OMB) of the nonbudgeted fiscal exposures of the government. Expresses the sense of Congress that the recommendations reported to Congress by the National Commission on Fiscal Responsibility and Reform should receive prompt consideration, and that neither chamber should obstruct a final roll call vote on such recommendations. Requires the OMB director to issue Quadrennial Fiscal Sustainability Reports. Requires a joint session of Congress to be convened every October at which the President shall be invited to give an address on the long-term fiscal sustainability of the government. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to prescribe requirem…