Claim: 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.
Fact-check: Biden's Deficit Spin - FactCheck.org
Verdict: 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.
Organisation: FactCheck.org
Author: Robert Farley
Date published: 2022-04-27T22:20:04