During their first debate of the general election, President Joe Biden accused former President Donald Trump of raising the deficit more than any other president, blasting his predecessor for accruing the “largest deficit of any president within a four-year period.” While CNN moderator Jake Tapper cited a decadelong estimate of total projected spending by the Committee For a Responsible Federal Budget, the incumbent president is wrong.
To compare that to Biden, we use two sources of data: adding together the existing Treasury data from January 2021 through September 2023, $5.3 trillion in compound deficit, and then the deficit projection by the Congressional Budget Office for fiscal 2024, which runs from October 2023 through September of this year, $1.9 trillion. The total then comes to about $7.2 trillion. It’s not a perfect four-year comparison, but it comes close.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Election 2024 live updates: Biden and Trump to face off in first 2024 debateLive updates from the 2024 campaign trail as Biden and Trump prepare to meet in the first presidential debate of the year.
Source: washingtonpost - 🏆 95. / 72 Read more »
2024 Wildcard: Trump criminal trial verdict throws 2024 presidential election into uncharted watersFormer President Donald Trump's conviction in his historic trial in New York City is thrusting his 2024 election rematch with President Biden into uncharted grounds.
Source: FoxNews - 🏆 9. / 87 Read more »
UEFA Euro 2024 Bracket: Follow Our 2024 BracketDownload our UEFA Euro 2024 Bracket to make your picks before the next stage of the tournament begins.
Source: Covers - 🏆 341. / 59 Read more »
2024 Canadian Grand Prix 2024 Odds, Picks, and Predictions: Is Verstappen on Borrowed Time?Get 2024 Canadian Grand Prix predictions, picks, and odds for 2024, plus F1 betting picks and driver odds at Circuit Gilles Villeneuve on Sunday, June 9.
Source: Covers - 🏆 341. / 59 Read more »
Copa America 2024 Bracket: Follow Our 2024 BracketDownload our Copa America 2024 Bracket to make your picks before the next stage of the tournament begins.
Source: Covers - 🏆 341. / 59 Read more »
Francesco Mattina In 2024 & 2019 in the Daily LITG, 17th of June, 2024Francesco Mattina stories from 2024 and 2019 topped traffic on Bleeding Cool yesterday. Where you can still read all about comics, merch, TV shows, games, movies, and more. The Daily Lying In The Gutters remains a long-running run around the day before and possibly the day ahead.
Source: bleedingcool - 🏆 20. / 69 Read more »