The Best Metric to Reverse the Curse: A 3% Deficit-to-GDP Path to Fiscal Sustainability | 03-26-26

House Committee on the Budget · March 27, 2026

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Opening and purpose

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Chairman Arrington called the hearing to order and framed its purpose: to examine the merits of using deficits-to-GDP (a 3% target over 10 years) as a measure of fiscal health and to seek bipartisan agreement on a realistic long-term fiscal framework.

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House Budget Committee hearing on establishing a 3% deficit-to-GDP target; witnesses and members debated whether the target would stabilize debt, how to achieve it, and tradeoffs between spending cuts and revenue increases.

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Transcript

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