Total Federal Debt Spikes $5T Under Biden
By Brian Freeman | Tuesday, 29 August 2023 03:54 PM EDT
The federal debt has increased more than $5 trillion during President Joe Biden’s administration, according to data released by the U.S. Treasury, the Daily Caller reported Tuesday.
As of Friday, the total federal debt was $32.8 trillion after being $27.7 trillion on the day Biden was inaugurated.
This equals a national debt of more than $250,000 per household, with the increase during Biden's presidency being more than $38,000 per household, according to the Daily Caller.
The rise in total national debt during Biden's presidency does not compare favorably with that of recent administrations during the same time periods.
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READ MORE: https://www.newsmax.com/newsfront/federal-debt-biden-administration-increase/2023/08/29/id/1132507/
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