Deficit figures set up competing visions from Biden and GOP
President Joe Biden speaks about deficit reduction in the Roosevelt Room at the White House in Washington, Friday, Oct. 21, 2022. Biden is flanked by, Office of Management and Budget Director Shalanda Young, left, and Council of Economic Advisers Chairwoman Cecilia Rouse. (AP Photo/J. Scott Applewhite)
This fiscal year's budget deficit shrunk in half from last year, but the red ink soared on a monthly basis in September largely because of President Joe Biden's plans to forgive student debt, as three decades' worth of costs were compressed into a single month.
The budget figures released Friday by the Treasury Department reveal dueling visions about what it means to be financially responsible: Biden can rightly claim that the budget deficit for fiscal 2022 plunged $1...
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