From Bad to Worse: How the Biden Administration is Digging a Deeper Financial Hole

In fiscal 2023, the Biden administration incurred a staggering $1.695 trillion budget deficit, marking it the third-largest in U.S. history. This financial shortfall was surpassed only during the tumultuous COVID-19 years of 2020 and 2021. The fiscal year ended in September with a deficit of $170.98 billion, more than double the initial projection. This figure … Read more