Thanks to the Department of Government Efficiency and new tariff revenue, deficit spending dropped by 92 percent during President Donald Trump’s first approximately 100 days in office, compared to the same period last year under then-President Joe Biden.
The Washington Examiner reported that from Inauguration Day to May 5, debt held by the public rose by approximately $38 billion.
Last year, under Biden, the total was about $478 billion.
“[T]hat means that the growth in our outstanding national debt fell by an astounding 92 percent,” according to the Examiner.
The outlet primarily credited the work of DOGE in slashing federal spending, as well as the increase in tariff revenue.