- President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.
- President Biden, in his first three years and five months in office, approved $4.3 trillion of new ten-year borrowing, or $2.2 trillion excluding the American Rescue Plan.
- President Trump approved $8.8 trillion of gross new borrowing and $443 billion of deficit reduction during his full presidential term.
- President Biden has so far approved $6.2 trillion of gross new borrowing and $1.9 trillion of deficit reduction.
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Trump Approved $8.4 Trillion In New Debt, Biden Has Approved $4.3 Trillion
Rep. Thomas Massie, R-Ky., a member of the conservative House Freedom Caucus, wearing a digital pin simulating the increasing U.S. National Debt, attends a House Rules Committee meeting to prepare the debt limit bill, The Fiscal Responsibility Act of 2023, for a vote on the floor, at the Capitol in Washington, Tuesday, May 30, 2023. (AP Photo/Jacquelyn Martin)
