Balanced Budget Responsibility Act of 2026

This bill, titled the Balanced Budget Responsibility Act of 2026, would give the President the authority to reduce government spending to eliminate a projected budget deficit. It allows the President to decline to spend certain discretionary funds, excluding Medicare and Social Security benefits, if a deficit is anticipated for a fiscal year. The decision to withhold these funds would be made in consultation with the Treasury Secretary and the Office of Management and Budget. This provision would operate outside the usual rules governing how the President handles unspent government funds.