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How Much the National Debt Grew Under Trump and Biden
Trump’s second term so far
Since Trump returned to the White House for a second term in January last year, the debt has gone up by about $3.8 trillion. That means that the national debt has climbed by a total of $11.6 trillion across the two Trump Administrations—so far—a figure that comprises more than a quarter of the total amount.
Why has the debt soared?
Experts credit a significant portion of the growth in the national debt to the federal government’s response to the COVID-19 pandemic. According to Reuters, about one-third of the growth seen since 2017 took place during two years or so of the pandemic, when the first Trump Administration and then the Biden Administration intensified borrowing to fund the country’s pandemic response and recovery.
Both Trump’s and Biden’s fiscal policies have also contributed to—and exacerbated—the longer-standing issue of government spending exceeding tax and other revenues, which has led to the ballooning national debt.
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