Por: ABC News Politics October 21, 2022
President Joe Biden took a victory lap on Friday on deficit reduction, framing new numbers as proof his economic agenda is working ahead of the midterm elections.Today, my administration announced that this year, the deficits fell by $1.4 trillion, Biden said, calling it, the largest one year drop in American history.The deficit fell to $1.4 trillion for fiscal year 2022 from $2.8 trillion a year ago, according to the Treasury Department.... + full article
The Boston Globe USA Nation October 22, 2022
WASHINGTON — The federal budget deficit fell to $1.4 trillion for the 2022 fiscal year from $2.8 trillion a year ago, a reduction driven primarily by the winding down of pandemic emergency spending and a surge in tax receipts, according to the Treasury Department.President... + más
Biden’s deficit reduction brag masks colossal wave of new spending | Fox News
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CNBC USA Politics October 22, 2022
U.S. President Joe Biden delivers remarks on deficit reduction from the Roosevelt Room at the White House in Washington, D.C., U.S., October 21, 2022.Sarah Silbiger ReutersPresident Joe Biden predicted Friday that voters will swing back to favor Democrats in the remaining weeks... + más
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ABC7 USA World October 22, 2022
, Biden said, which is estimated to add $430 billion to the deficit. The loan forgiveness program has been criticized by many Republicans, who say it's unfair to taxpayers and those who didn't attend college.Today we have further proof that we're rebuilding the... + más
Biden touts 'record' deficit reduction, slams GOP's' economic plans ahead of midterms | ABC News
The Hill USA Business October 21, 2022
America’s finances are in trouble. Despite relatively optimistic predictions by the Congressional Budget Office (CBO), the is only going to get worse. In July, CBO that the federal government budget deficit would be 3.7 percent of GDP in 2023, down from recent record... + más
Federal budget deficit fell to $1.4 trillion as pandemic spending eased | The Boston Globe
New York Post USA Opinion October 21, 2022
How should a president respond to — 40% higher than before the pandemic — and adding trillions more to 10-year deficits? If you are President Biden, you touting your “historic deficit reduction.” In a remarkable feat of gaslighting, the president held a press conference... + más
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Breaching the U.S. debt ceiling would be a 'disaster' for Americans, expert says, as possible showdown looms if Republicans win midterms | MarketWatch
Portland Press Herald USA World October 21, 2022
President Joe Biden speaks about deficit reduction, in the Roosevelt Room at the White House in Washington, Friday. Biden is flanked by, Office of Management and Budget Director Shalanda Young, left, and Council of Economic Advisers Chairwoman Cecilia Rouse. J. Scott... + más
Fox News USA Politics October 11, 2022
about reducing the annual budget deficit, but a closer look at the numbers shows that the drop in emergency COVID spending has masked a massive amount of new spending that will present a significant fiscal challenge for Biden and his successors.The talk about how we’re... + más
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