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Index/Topics/US fiscal policy

US fiscal policy

Fiscal policy decisions and their impact on national debt

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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 ...

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