Compare graph national debt Trump versus Biden

Checked on December 22, 2025
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Executive summary

Two recent, widely cited analyses find that gross federal debt rose under both Presidents Trump and Biden, with Trump’s four-year term adding roughly $7.8–$8.4 trillion of new borrowing and Biden adding roughly $4.3–$6.9 trillion depending on the metric and cutoffs used; the comparison depends heavily on whether COVID-era relief, different accounting measures (gross debt vs. debt held by the public), and forward-looking “approved borrowing” estimates are included [1] [2] [3].

1. How the headline numbers are produced — apples, oranges, and methodology

Different outlets and analysts present different headline figures because they measure different things: Treasury balance snapshots count how much the nominal gross debt increased while economists often prefer “debt held by the public,” and think tanks like the Committee for a Responsible Federal Budget (CRFB) report both the debt that actually grew while a president was in office and the amount of new ten-year borrowing his policies approved — figures that can diverge substantially depending on whether pandemic bills are excluded [2] [1] [3].

2. The common headline: Trump added roughly twice as much borrowing as Biden (CRFB analysis)

CRFB’s mid‑2024 reconciliation concluded Trump approved about $8.4 trillion in new ten‑year borrowing and Biden about $4.3 trillion through mid‑2024, a roughly 2:1 ratio that holds even when excluding direct COVID relief (Trump $4.8 trillion vs. Biden $2.2 trillion excluding pandemic aid), a result that many news outlets summarized as “Trump added twice as much debt as Biden” [2] [3] [4].

3. The Treasury snapshot numbers: raw debt on the balance sheet

Using Treasury ledgers, several consumer outlets and aggregators report that the gross national debt rose by roughly $8.1 trillion during Trump’s four years (a ~40% increase) and by about $6–7 trillion during Biden’s first term through late 2024 or early 2025 — a narrower gap than some policy‑analysis metrics because timing, fiscal year cutoffs, and Treasury cash balances matter [5] [6] [7].

4. What drives the differences: COVID, tax cuts, spending, and executive actions

Analysts attribute much of Trump’s borrowing to COVID relief (about $3.6 trillion per CRFB) plus the 2017 tax cuts and bipartisan spending packages, while Biden’s measured borrowing includes the American Rescue Plan, infrastructure and social spending, student‑debt relief, and other actions; when pandemic relief is stripped out, CRFB still finds larger non‑pandemic borrowing under Trump mainly from the 2017 tax law and spending deals [2] [3] [8].

5. Partisan pushback and contested assumptions

The House Budget Committee disputed CRFB’s methodology, arguing CRFB both understates Biden costs and overstates Trump’s by including policies that never fully took effect; CRFB in turn cautions that partial re‑estimates bias comparisons — the result is that the “who added more” question is sensitive to which enacted, delayed or assumed costs an analyst chooses to count [9] [10].

6. The more important lens: debt relative to the economy and timing

Several analysts emphasize debt‑to‑GDP rather than dollar change: Trump presided over a debt‑to‑GDP rise from roughly 105% at end‑2016 to about 126% at end‑2020, while Biden saw the ratio ease slightly and then rise again toward the 120–123% range in 2022–24 — signaling that economic growth and recessions (and when GDP is measured) can change the fiscal story even if nominal debt keeps rising [11].

7. Bottom line — what a comparison actually tells readers

A direct point estimate depends on chosen accounting rules: measured as “approved ten‑year borrowing” CRFB shows Trump roughly doubled Biden’s tally; measured as raw Treasury ledger growth across specific calendar spans the gap narrows; measured relative to GDP the narrative is nuanced because COVID recession effects and post‑pandemic recovery alter ratios — all sources agree debt rose substantially under both presidents, and partisan critiques expose how selective assumptions can reshape the headline [2] [1] [9].

Want to dive deeper?
How does debt held by the public differ from gross federal debt and why does it matter?
What would be the projected 10‑year budgetary impact of fully extending the 2017 tax cuts?
How did COVID‑era fiscal programs specifically affect deficit and GDP trajectories during 2020–2023?