Proposing a balanced budget amendment to the Constitution of the United States.

This proposal would amend the Constitution to require the federal government to balance its budget each year, meaning total spending cannot be more than total income. It would also forbid raising the federal debt limit. In addition, any bill that increases federal revenue (for example, through higher taxes or new fees) would need approval by two-thirds of both the House and the Senate with a roll call vote .

• Who is affected: The federal government and anyone impacted by federal taxes and spending.
• What changes: A strict balanced-budget rule, no increases to the debt limit, and a two‑thirds vote needed for any bill that raises revenue .
• When: This is a proposed constitutional amendment. It would apply only if added to the Constitution .