Federal Debt Up $2.65 Trillion Since Biden’s Inauguration

By Terence P. Jeffrey | May 4, 2022 | 11:02am EDT
(Photo by Julie Bennett/Getty Images)
(Photo by Julie Bennett/Getty Images)

(CNSNews.com) - The federal debt has increased by $2,650,725,664,597.74 since President Joe Biden was inaugurated on Jan. 20, 2021, according to the official numbers published by the U.S. Treasury.

At the close of business on Biden’s Inaugural Day, the federal debt stood at $27,751,896,236,414.77, according to the Treasury. At the close of business on Monday, the most recent day for which the numbers are available, the debt was $30,402,621,901,012.51.

The increase from the $27,751,896,236,414.77 debt on Biden’s Inaugural day to the $30,402,621,901,012.51 on Monday equals $2,650,725,664,597.74.

So far, the Treasury has published the tax, spending and deficit numbers for each of the first fourteen full months of Biden’s presidency (February 2021 through March 2022). In 13 of those 14 months, according to the latest Monthly Treasury Statement, federal spending has exceeded federal revenues and the federal government has run a deficit.

In March, the latest month on record, the federal government took in approximately $315,172,000,000 and spent $507,855,000,000, resulting in a deficit for the month of $192,682.

Through the first six months of fiscal 2022 (October through March), the federal government has taken in $2,121,987,000,000 in revenue and spent $2,790,254,000,000, resulting in a deficit of $668,267,000,000.

Tax, Spending and Deficit Numbers From the March 2022 Montly Treasury Statement
Tax, Spending and Deficit Numbers From the March 2022 Monthly Treasury Statement

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