One of President Biden'scampaign promiseswas to reduce the federal deficit. The Congressional Budget Office (CBO) estimated that the federal budget deficit was $475 billion in the first five months of fiscal year 2022, which represented an amount less than the deficits for the same period in y...
In 2016, economists Alan Blinder and Mark Watson released a study indicating higher average economic-growth rates under Democratic presidents. More recently, David Leonhardt of theNew York Timeswrote a column that ranked the last 14 presidents by jobs and economic growth during their administrations, ...