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The years 2014–2016 were during President Obama's second term, while 2017–2019 were during President Trump's first term. Refer to citations on detail page. The following table illustrates some of the key economic variables in the last three years of the Obama Administration (2014–2016) and the first three years of the Trump Administration ...
The debt rose by nearly $8 trillion during Trump's time in office. ... Former President Donald Trump is displayed on a screen during the second day of the 2024 Republican National Convention in ...
Photo Illustration by Luis G Rendon/The Daily Beast/GettyDonald Trump’s final tab is in. Legislation and executive actions signed by former President Trump added $7.8 trillion in ten-year budget ...
The fiscal policies of the Trump administration added twice the amount to the national deficit as have President Biden’s, a new analysis has found. Trump’s administration borrowed $8.4 ...
According to the Congressional Budget Office, the United States last had a budget surplus during fiscal year 2001, though the national debt still increased. [47] From fiscal years 2001 to 2009, spending increased by 6.5% of gross domestic product (from 18.2% to 24.7%) while taxes declined by 4.7% of GDP (from 19.5% to 14.8%).
Donald Trump is inaugurated as the 45th president of the United States President Trump delivers his inaugural address: Saturday, January 21: Four million people around the world attend the Women's March protesting the new administration. [16] [17] It was the largest single-day protest in U.S. history. [18] [19]
In 1835, the national debt hit a low of $33,733 when Andrew Jackson was president. But the U.S. started borrowing again as the economy entered a recession in 1837.
Congress has raised the debt ceiling 14 times from 2001 to 2016. The debt ceiling was raised a total of 7 times (total increase of $5365bil) during Pres. Bush's eight-year term and it was raised 11 times (as of 03/2015 a total increase of $6498bil) during Pres. Obama's eight years in office.