Expressing the Senate's sense that the U.S. should reduce and maintain the Federal budget deficit at or below 3 percent of GDP.
The resolution expresses the sense of the Senate that the United States should reduce and maintain the Federal budget deficit at or below 3 percent of gross domestic product. It highlights the importance of deficit reduction for economic growth, national security, and future generations. The resolution encourages the President to submit budgets designed to meet this target, and the congressional budget resolution to set allocations consistent with meeting the target.
The filed bill text is too short for analysis.