President Joe Biden delivered his second State of the Union address on Tuesday. Here is a fact check of some of his claims.
Here is a fact check of some of the claims from Biden: Cutting the deficit Biden said, “In the last two years, my administration has cut the deficit by more than $1.7 trillion – the largest deficit reduction in American history.” Facts First: Biden’s boast leaves out important context. It is true that the federal deficit fell by $1.7 trillion under Biden in the 2021 and 2022 fiscal years, including a record $1.
Former President Donald Trump’s last full year in office, 2020, also set a then-record for total and high propensity applications. There are various reasons for the pandemic-era boom in entrepreneurship, which began after millions of Americans lost their jobs in early 2020.
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