{{$root.universalMessage.text}}

US Congress HR857

A bill to amend the Congressional Budget Act of 1974 and the Budget and Accounting Act, 1921, to provide that Federal expenditures shall not exceed Federal revenues, except in time of war or economic necessity declared by the Congress, and that, at the termination of a declaration of war or economic necessity declared by Congress, a fixed percentage of two per centum of Federal Budget Outlays each year shall be used for the reduction of the national debt to the level of the debt before the declaration.