As the Republican budget bill, called the One Big Beautiful Bill Act, nears the July 4 deadline set by the White House, lawmakers have been ramping up the rhetoric. We referee the claims from both sides.
Issues: deficits
What President Trump Inherits, Part 2
Trump’s Spin on Tax Cuts Raising Revenues
FactChecking Biden’s State of the Union
FactChecking Trump’s Iowa Town Hall
Biden’s Numbers, April Update
Biden’s Numbers, January 2023 Update
Biden’s Numbers (Second Quarterly Update)
Biden’s Deficit Spin
In recent speeches, President Joe Biden has been misleadingly taking credit for cutting federal deficits by historic amounts, though most of the reduction in deficits is the result of expiring emergency pandemic spending. Deficits fell between fiscal year 2020 and 2021 far less than initially projected after Biden added to them with more emergency pandemic and infrastructure spending.