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Tags: biden administration | donald trump | deficit | sabotage | economy

Biden's November 'Gift': Was Raising Deficit 20 Percent a Bid to Sabotage Trump?

President Joe Biden (Getty Images)

By    |   Wednesday, 15 January 2025 07:21 AM EST

As the U.S. government's fiscal year began on Oct. 1, the financial outlook took a dramatic turn in November, with the Biden administration overseeing a staggering $366.8 billion deficit — greater than a third of a trillion dollars in a single month.

This unprecedented hike has sparked accusations of deliberate sabotage against President-elect Donald Trump's incoming administration. Yet, Trump and his supporters remain optimistic, pointing to his proven ability to cut taxes, slash unnecessary spending, and ignite economic growth as the keys to overcoming these challenges.

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As the U.S. government's fiscal year began on Oct. 1, the financial outlook took a dramatic turn in November, with the Biden administration overseeing a staggering $366.8 billion deficit - greater than a third of a trillion dollars in a single month.
biden administration, donald trump, deficit, sabotage, economy
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2025-21-15
Wednesday, 15 January 2025 07:21 AM
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