Skip to content
Content starts here
CLOSE ×
Search

Balanced budget amendment

National Debt Glossary: Key terms for understanding America's financial crisis


A proposal for a constitutional amendment mandating that federal expenditures not exceed federal revenues in any fiscal year.

Source: House Rules Committee

See also: Balanced budget; Budget deficit; Budget surplus

spinner image Image Alt Attribute

AARP Membership— $12 for your first year when you sign up for Automatic Renewal

Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine.

Join Now

See all terms in the National Debt Glossary

Frequently Asked Questions: National Debt

 

See all questions about the national debt. >>

 

Discover AARP Members Only Access

Join AARP to Continue

Already a Member?