A concurrent resolution expressing the sense of Congress that the President should submit a revised budget proposal which contains provisions to reduce the Federal deficit by at least $200 billion over the next three years.

Declares that it is the sense of Congress that the President should submit a revised budget proposal containing specific provisions to reduce the Federal deficit by a total of at least $200,000,000,000 over the next three fiscal years. Calls for the Congress to act expeditiously through legislative procedures to consider such proposals and enact a deficit reduction package.