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US fiscal policy

Fiscal policy decisions and their impact on national debt

Fact-Checks

2 results
Feb 1, 2026

What were the average annual budget deficits during Barack Obama's presidency 2009-2017?

(2009–2017) presided over an average annual increase in of roughly per year, calculated from a commonly cited cumulative figure for that period . Deficits peaked in the recession year 2009 and then tr...

Jan 19, 2026

What specific COVID‑era policies account for the largest shares of debt increases attributed to the Trump and Biden administrations?

The largest COVID-era drivers of U.S. debt increases attributed to the Trump administration were the emergency rescue packages enacted in 2020—most notably the CARES Act and related stimulus programs ...