This House resolution states that the United States should reduce and keep the Federal unified budget deficit at or below three percent of gross domestic product (GDP). It calls for reaching that target as soon as possible and no later than the end of fiscal year 2030. The resolution asks the President to submit budgets that create a path to the target and asks Congress to set budget allocations consistent with meeting it. It directs the House Budget Committee and the House Rules Committee to recommend enforcement options and rule changes within 180 days. It asks the Congressional Budget Office to show how major legislation affects progress toward the target and encourages the Joint Committee on Taxation to provide similar analysis. The resolution says efforts to meet the target should look at discretionary appropriations, direct spending, and revenues and avoid timing shifts, reclassifications, or budgetary gimmicks.
This resolution expresses the House's view and sets recommendations for Congress and the President. It does not itself authorize spending, change tax rules, or directly change programs. If acted on by lawmakers, it could influence future budgets, budget rules, and the information agencies produce about legislation.
No publicly available information on direct federal spending changes or cost estimates is included in the text of the resolution.
The resolution notes that lowering deficits to three percent of GDP has had bipartisan support as a way to stabilize the national debt. It cites recent figures in the text: a roughly $1.8 trillion deficit in fiscal year 2025 (about 6 percent of GDP), a national debt held by the public near $31 trillion, and projected interest payments on the debt over $1 trillion. It says rising deficits and debt threaten national security, economic growth, future generations, and could raise interest rates, increase the cost of living, and reduce fiscal flexibility.
No publicly available information.