This bill would make sure that when the President presents the budget, it includes important information about the country's debt compared to its overall economy. This helps everyone understand the financial health of the nation better.
Debt-to-GDP Transparency and Stabilization Act This bill requires the President's annual budget and congressional budget resolutions to include (1) the ratio of the public debt to the estimated gross domestic product (GDP), and (2) the ratio of the surplus or deficit to the estimated GDP.
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