A joint resolution proposing an amendment to the Constitution of the United States relative to the balancing of the budget.

[AI summary unavailable — showing source text] Constitutional Amendment - Requires the President and the Speaker of the House of Representatives to review Government revenues and expenditures at specified times and to determine a surtax rate when expenditures exceed revenues to insure that receipts will equal outlays. Authorizes the suspension of such measures in the case of a grave national emergency declared by Congress.…