House passes balanced budget bill

House passes balanced budget bill

Rep. Tom Price, R-Ga., a member of the House Budget Committee
Rep. Tom Price, R-Ga., a member of the House Budget Committee J. Scott Applewhite/AP

The House on Wednesday passed legislation that directs President Obama to submit a balanced budget plan to Congress this spring.

The Require a Plan Act (H.R. 444) compels Obama to submit a supplemental budget by April 1 if his fiscal 2014 budget blueprint does not include a plan to balance the government’s books. That supplemental budget would outline a long-term deficit reduction strategy and timeline for balancing the budget. The chamber approved the legislation, shepherded by Rep. Tom Price, R-Ga., and the GOP leadership, after debating it Wednesday morning.

The Democratic-controlled Senate is unlikely to take up the bill. Continue reading “House passes balanced budget bill”