Expressing the sense of the House of Representatives that the United States should reduce and maintain the Federal unified budget deficit at or below.
The bill expresses the sense of the House of Representatives that the United States should reduce and maintain the Federal unified budget deficit at or below 3 percent of gross domestic product. It highlights the risks of rising deficits and debt, including threats to national security, economic growth, and future generations. The bill suggests that Congress should adopt a fiscal target to reduce the deficit to 3 percent of GDP or less by the end of fiscal year 2030, and continue to pursue further deficit reduction with the goal of achieving a balanced Federal budget.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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