President Joe Biden’s Deficit Reduction Claim Challenged by Fiscal Reality 

The federal budget deficit under Joe Biden is currently double that of previous year. 

In response to President Joe Biden’s assertion that he has reduced the federal deficit by $1.7 trillion, surpassing the achievements of all previous presidents, recent reports revealed a contrasting reality. During the initial 10 months of fiscal year 2023, the federal budget deficit stands at $1.6 trillion, a figure exceeding double the deficit during the corresponding period in the previous year.

Furthermore, the Committee for a Responsible Federal Budget revealed the final number will exceed $2 trillion for fiscal year 2023 once the numbers are in for August and September.

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