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US Budget Deficit Reduction: Aiming for 3% GDP by 2030

This resolution urges the U.S. to reduce its federal budget deficit to 3% of gross domestic product or less by 2030. The goal is to stabilize national debt, potentially lower living costs, and secure a stronger economic future for citizens. Achieving this target may involve changes to government spending or revenue collection, impacting daily lives.
Key points
Congress should work to reduce the federal budget deficit to 3% of GDP by the end of fiscal year 2030 to stabilize national finances.
After reaching this target, efforts should continue towards achieving a balanced federal budget, which could impact long-term economic stability.
The President and Congress are expected to align budgets with this goal, making budget enforcement rules harder to waive, increasing fiscal discipline.
Meeting this target could impact government spending on various programs and potentially affect tax levels for citizens directly.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HRES_981
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2026-01-07
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Expressing 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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HRES_981.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2026-01-07.

What are the main provisions?

Key points include:

  • Congress should work to reduce the federal budget deficit to 3% of GDP by the end of fiscal year 2030 to stabilize national finances.
  • After reaching this target, efforts should continue towards achieving a balanced federal budget, which could impact long-term economic stability.
  • The President and Congress are expected to align budgets with this goal, making budget enforcement rules harder to waive, increasing fiscal discipline.
  • Meeting this target could impact government spending on various programs and potentially affect tax levels for citizens directly.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Huizenga, Bill [R-MI-4].

What is the latest detailed status?

The latest detailed status is: Submitted in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-13.

CATEGORIES

Economy