President Joe Biden has made another series of inaccurate claims in an economic speech.
In late January, CNN fact-checked Biden’s false and misleading claims in an economic speech to union workers in Virginia. In a speech this Wednesday to union workers in Maryland, Biden repeated one of those claims and made three other incorrect statements – all of them about statistics.
In another part of the speech, Biden said, “We cut the debt by $1.7 billion the last two years.” The White House made a correction to the official transcript to make it “$1.7 trillion” instead of “$1.7 billion.”
Facts First: This claim is inaccurate even if you ignore Biden’s billion-versus-trillion mixup. The national debt has continued to increase under Biden. It is the deficit that has declined by about $1.7 trillion – and experts say it is misleading for Biden to take credit for that reduction.