The federal budget deficit hit $1.8 trillion in fiscal year 2025 — roughly 6 percent of GDP — and interest on the national debt now tops $1 trillion a year, exceeding total defense spending. This resolution calls on Congress and the President to cut the deficit to 3 percent of GDP or less by the end of fiscal year 2030 and eventually work toward a balanced budget. It asks the Budget Committee to recommend enforcement tools within 180 days, and directs the Congressional Budget Office to flag how major legislation affects progress toward that target.
Congressional Summary
This resolution expresses the sense of the Senate that (1) Congress should adopt a fiscal target to reduce the federal budget deficit to 3% of gross domestic product or less as soon as possible and no later than the end of FY2030; and (2) after the target is achieved, Congress should continue to pursue further deficit reduction with the goal of achieving a balanced federal budget.
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- Date Added
- 2026-04-02
- Source
- Congress.gov →
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