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The US is is already $36 trillion in debt and heading toward $52 trillion by 2035 if nothing is done. ... CBO projected at the start of Biden’s term that the federal budget deficit in 2031 would ...
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 ...
Russell Vought, the White House budget director during Trump's first term and Trump's choice to lead it again, put out an alternative proposed budget for 2023 with more than $11 trillion in ...
American student loan debt is sky-high, with some estimates putting the total number over $2.19 trillion—that’s higher than all U.S. credit card and auto loan debt combined. President Joe ...
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.
* The COVID-19 pandemic and the Great Resignation had a dramatic influence in statistics presented, including a sharp increase in unemployment rate at the time of changes from Trump to Biden. Annualized change in unemployment rate over each presidency from Truman to Biden, ordered from best-performing to worst-performing economic performance.
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 ...
Over a century later, the public debt topped $1 trillion for the first time in 1982 under Ronald Reagan and more than doubled during his presidency — and it's been climbing steadily since then.