The US federal deficit will fall toward roughly 3% of GDP under the Trump administration's fiscal path.
“What you can do is you can cut smartly but also grow and get the economy in a position where that fiscal deficit is closer to 3% of GDP. Now yes we got to make more progress but if you look at what Scott has done at the Treasury I think that we are on pace to get to a point where we can get the fiscal deficit to a sustainable level” View on YouTube
Explanation
No deadline was given; the administration's term runs to January 2029, so the deficit path can only be judged later.