Jessica Riedl offers a comprehensive retrospective on the fiscal impact of policies enacted during the Biden presidency.
www.brookings.edu
AI answer based on the two sources above
No, President Biden did not reduce the deficit during his term; instead, the cumulative budget deficits increased significantly. When he took office, the projected deficit for 2021-2031 was $14.5 trillion, and by the end of his presidency, it was projected to be $21.2 trillion.