S.J. Res. 24 would propose a balanced budget amendment to the Constitution of the United States.

== Detailed Summary ==

<summary>
(Log inConstitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.

Requires a two-thirds rollcall vote of each chamber to editincrease the wiki and bepublic debt limit.

Directs the firstPresident to providesubmit a detailed summarybalanced budget to Congress annually.

Requires a two-thirds rollcall vote of each chamber for final adoption of any bill to increase the bill!)internal revenue.

Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 11/13/2007: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status ofCommittee on the bill!)Judiciary.
</status>

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== Points in Favor ==

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== Points Against ==

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