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The Biden-Harris four-year deficit total was $7.65 trillion — roughly 50 percent more than Donald Trump’s four-year deficit total of $5.56 trillion, and that figure included $3.13 trillion ...
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.
According to the federal CPI inflation calculator, $100 in January 2021, when Biden took office, has the same buying power as $120 as of November of this year. That means $100 went much further in ...
Growth: Since Biden took office, the U.S. economy has grown 8.4% when adjusted for inflation, versus a 6.5% growth rate for the same time period under Trump, though the economy was growing at a ...
(The Center Square) – The latest federal numbers show the U.S. deficit is soaring as President Joe Biden heads out of office. The U.S. Congressional Budget Office released its monthly budget ...
The deficit then fell under Trump and Biden in fiscal 2021 (to about $2.8 trillion) and again under Biden in fiscal 2022 (to about $1.4 trillion). But it then rose in fiscal 2023 (to about $1.7 ...
"The gap between federal spending and revenues would widen after 2015 under the assumptions of the extended baseline...By 2039, the deficit would equal 6.5% GDP, larger than in any year between 1947 and 2008, and federal debt held by the public would reach 106% of GDP, more than in any year except 1946—even without factoring in the economic ...