Share this story
Close X
Switch to Desktop Site

Senate panel backs move to forbid deficit budgets

The Senate Judiciary Committee approved a proposed constitutional amendment to require a balanced federal budget except in time of war. It was the first time such a proposal had been approved by a Senate committee. The amendment would forbid deficit spending unless approved by a three-fifths vote of the House and Senate, except during a declared war.

White House acting press secretary Larry Speakes said although President Reagan favors a balanced budget, he would prefer that the deficit be eliminated without mandatory legislatio n.

About these ads

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.