Former president Donald Trump approved almost twice as much borrowing as current President Joe Biden during his four years in office, according to the Committee for a Responsible Budget .Trump, who presided over the federal government from 2016 to 2020, approved $8.4 trillion in new ten-year debt. But incumbent president Biden, who defeated Trump four years ago, has approved $4.3 trillion in new borrowing, said a new report by the committee.
On Thursday they are expected to meet in a first presidential TV debate, and the budget is expected to be a point of discussion.CFRB noted in its analysis that what both presidents did during their time may not necessarily be a signal of what will happen in the future but could be insightful about their approaches to governing.