White House defends economic record after Biden blows $1.8 trillion hole in budget

The White House blamed former President Donald Trump and his administration for the $1.8 trillion deficit the Treasury Department reported last week for fiscal 2024, the third-largest deficit in U.S. history.

“The former administration passed tax cuts for billionaires and corporations that have led to where we are currently in this deficit,” press secretary Karine Jean-Pierre told the Washington Examiner on Monday. “What we’re trying to do here from this administration is make sure that the economy continues to grow, that jobs are available, continue to grow, that we’re lowering the unemployment rate and lowering costs.”