House Minority Leader Hakeem Jeffries, D-N.Y., said Donald Trump “ran up more debt than any other President in American history.” Actually, Trump’s predecessor, Barack Obama, accumulated the most debt, although Trump racked up debt at a faster pace.
could be met as soon as early June, and a failure to raise the limit could force the government to default on payments to bondholders, federal employees, contractors and beneficiaries of programs such as Social Security. Republicans have proposed raising the limit in tandem with spending cuts, but the White House considers the scale of the Republicans’ proposed cuts untenable., Jeffries said Republicans were to blame for much of the debt.
Generations of politicians in both parties approved and modified these programs long before Trump took office. The biggest single spikes in the federal debt came from the initial rounds of coronavirus relief legislation in 2020. Trump signed them, but they passed with broad bipartisan support.
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