Search results
Results from the WOW.Com Content Network
A balanced budget amendment or debt brake is a constitutional rule requiring that a state cannot spend more than its income. It requires a balance between the projected receipts and expenditures of the government. Balanced-budget provisions have been added to the constitutions of Germany, Hong Kong, Italy, Poland, Slovenia, Spain and ...
An amendment to the Constitution that would require a balanced budget unless sanctioned by a two-thirds vote in both houses of Congress (H.J.Res.1, passed by the US House Roll Call: 300-132, January 26, 1995, but rejected by the US Senate: Roll Call 65–35 (the amendment was defeated by a single vote, with one Republican opposed, Oregon ...
Debt. $4.925 trillion (at fiscal end) 64.9% of GDP [2] GDP. $7.583 trillion [1] ‹ 1994. 1996 ›. The 1995 United States federal budget is the United States federal budget to fund government operations for the fiscal year 1995, which was October 1994 – September 1995. This budget was the last to be submitted before the Republican Revolution ...
The first and only time the House gave two-thirds approval to a balanced budget amendment was in 1995, when Members of the House of Representatives elected in the Republican Revolution voted for the Contract with America. That was also the last time the House held a floor or committee vote. [45]
A joint resolution increasing the statutory limit on the public debt. The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985[1] and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987[2] (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget.
As reports filtered out Wednesday that House Speaker Paul Ryan plans to bring a balanced budget amendment to the House floor for a vote, in fulfillment of a pledge to Rep. Mark Walker, chair of ...
Backers of a balanced budget amendment say they have 28 states on board already, although the validity of some of these states’ proposals might be legally debatable, said Georgetown University ...
Balanced Budget Act of 1995, H.R. 2491 (vetoed December 6, 1995) Taxpayer Refund and Relief Act of 1999, H.R. 2488 (vetoed September 23, 1999) Marriage Tax Relief Reconciliation Act of 2000, H.R. 4810 (vetoed August 5, 2000) Restoring Americans' Healthcare Freedom Reconciliation Act of 2015 (vetoed January 8, 2016)