Bipartisan call for 3 percent deficit target on US deficits

The Bipartisan Fiscal Forum is calling on Congress to adopt a 3 percent deficit-to-GDP target as a way to stabilize the national debt and maintain long-term economic health. The recommendation reflects growing concern among lawmakers from both parties about the trajectory of federal spending and borrowing, which have reached historic levels in recent years. A binding deficit target would require Congress to either increase revenues or reduce spending to keep annual deficits within that threshold relative to the overall size of the economy. The proposal carries political weight because it comes from a group spanning both parties, though implementing such a target would require legislative action and significant political consensus on spending and tax policy. The 3 percent benchmark is frequently cited by fiscal conservatives and international organizations as a sustainable level for long-term debt management.