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Biden to tout falling U.S. budget deficit in speech

Posted on AllSides May 4th, 2022
From The Center
Joe Biden, federal deficit
REUTERS/Jonathan Ernst/File Photo

U.S. President Joe Biden on Wednesday will address his efforts to reduce the nation's budget deficit, noting that it is expected to fall for the second straight year amid a recovering economy and waning emergency spending, according to the White House.

Biden and his fellow Democrats have come under fire from Republicans for a historic rise in inflation that some critics say stems from overspending in Washington amid the COVID-19 pandemic as well as global supply constraints.

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