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Bipartisan Forum Sets 3% Deficit Target to Stabilize Economy

3/26/2026

Summary

Story summary

The Bipartisan Fiscal Forum proposes a 3 percent deficit-to-GDP target to stabilize the U.S. economy.
Deficits run near $2 trillion annually, with interest costs surpassing defense spending.
The target aims to reset fiscal discussions and ensure debt does not outpace economic growth.
Chairs Bill Huizenga and Scott Peters, co-chairs of the Bipartisan Fiscal Forum, urge both parties to adopt this benchmark, noting the European Union mandates a similar limit.

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Story summary

The Bipartisan Fiscal Forum proposes a 3 percent deficit-to-GDP target to stabilize the U.S. economy.
Deficits run near $2 trillion annually, with interest costs surpassing defense spending.
The target aims to reset fiscal discussions and ensure debt does not outpace economic growth.
Chairs Bill Huizenga and Scott Peters, co-chairs of the Bipartisan Fiscal Forum, urge both parties to adopt this benchmark, noting the European Union mandates a similar limit.