McCarthy Fact Checks State of the Union Speech, Says Deficit Increased Under Biden

04:31 GMT, 8 February 2023

WASHINGTON (Sputnik) - US House Speaker Kevin McCarthy fact checked President Joe Biden’s State of the Union speech to Congress, claiming the United States’ deficit actually increased under the Biden administration after the president claimed he had reduced it.

Sputnik

“Fact Check: Biden has increased the deficit by $800 billion,” McCarthy said via Twitter.

McCarthy has proposed a responsible increase of the debt ceiling that also includes a plan to address government spending, while Biden has urged a raise without conditions.

Economy

Clash of the Titans: Biden, McCarthy to Discuss US Debt Ceiling on Wednesday

1 February 2023, 01:21 GMT

In his speech on Tuesday evening, Biden claimed his administration reduced the US deficit by more than $1.7 trillion. The statement comes as Biden and McCarthy discuss raising the debt ceiling ahead of a potential US default on financial obligations.