Biden Economic Czar Claims White House Is Reducing The Budget Deficit

Biden Economic Czar Claims White House Is Reducing The Budget Deficit


Jared Bernstein, a member of the Council of Economic Advisers under President Joe Biden, on Monday claimed that the White House has successfully led the charge against inflation and cut the budget deficit.

Price levels between August 2021 and August 2022 rose 8.3%, according to data from the Bureau of Labor Statistics. Bernstein argued during an interview with Fox Business that the administration has recently seen progress in its attempts to quell rising prices and reduce the deficit.

“One issue is, is the government stepping on the fiscal accelerator? That is, is government fiscal policy contributing to inflation, say, this year? And the answer, based on over $1 trillion of deficit reduction, is no,” Bernstein told Fox Business host Martha MacCallum. “That doesn’t negate the point that inflation

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