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 - Provides that appropriations shall not exceed revenues of the United States, except in time of war or national emergency. Requires the President to annually submit a budget to Congress and to proclaim the total revenue estimate for the next fiscal year. States that suspension of the application of this Article in time of war or national emergency requires the passage of a concurrent resolution by a two-thirds vote in each House of Congress.