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Biden has visited three dozen states and spent all or part of nearly 200 days in his home state of Delaware. $31.38 trillion: The federal debt stood at $27.6 trillion when Biden took office.
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.
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 ...
President Biden also allocated significant amounts of money towards relief of the COVID-19 pandemic. According to a May 2021 report, Biden has or plans to spend $5.72 (~$6.35 trillion in 2023) trillion dollars toward this effort and others such as climate change including providing stimulus checks and serving schools and low-income children. [122]
During May, Republicans threatened to not raise the U.S. debt ceiling, risking a possible debt default. President Biden signed the Fiscal Responsibility Act of 2023 on June 3, 2023, to avert a potential crisis. The law restricts some spending for two years, imposes new work requirements on older Americans receiving food aid, and reduces ...
The US government’s debt has topped $34 trillion for ... Kikukawa said President Joe Biden had a plan to reduce the deficit by $2.5 trillion by “making the wealthy and big corporations pay ...
President Biden returns to the White House to announce that the government could breach its $28.4 trillion debt limit in a historic default unless both parties join to vote on the infrastructure bill in the coming weeks. [4] President Biden delivers remarks on the debt ceiling: Tuesday, October 5
So far in Biden’s presidency, the chief executive has added $4.3 trillion to the national debt, with nearly half of that ($2.1 trillion) coming from pandemic-era relief programs, an analysis of ...