Policies & Impacts

Biden Administration Added $4.8 Trillion to Deficits: Budget Watchdog

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Biden Administration Added $4.8 Trillion to Deficits: Budget Watchdog
President Joe Biden participates in a rally for the Democratic National Committee (DNC) at Richard Montgomery High School in Rockville, Md., on Aug. 25, 2022. Olivier Douliery/AFP via Getty Images
Andrew Moran
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A new report by the Committee for a Responsible Federal Budget (CRFB) estimates that the policies the Biden administration has implemented through executive actions and legislative efforts will add about $4.8 trillion to deficits between 2021 and 2023.

Even if the American Rescue Plan (ARP) were removed from the equation, the White House would still have contributed approximately $2.5 trillion to deficits until 2031, the organization stated.

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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