A joint resolution proposing an amendment to the Constitution of the United States to provide that appropriations shall not exceed revenues of the United States, except in time of war or national emergency.

Constitutional Amendment - Requires the President: (1) at the end of each calendar year, to determine and proclaim the estimated amount of revenues of the United States for the next fiscal year; and (2) annually to submit to the Congress a budget under which the funds withdrawn from the Treasury during the fiscal year shall not exceed the revenues for that year. Prohibits the Congress from authorizing the withdrawal of funds exceeding revenues in any fiscal year. Authorizes the suspension of such prohibition in time of war as declared by the Congress or grave national emergency as proclaimed by the President.