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For all the noise from media pundits decrying President Donald Trump’s bold economic measures in his second term, hard data from the Treasury Department is painting a much different picture — and it’s one his critics would rather ignore.
Despite massive resistance in Washington and continued opposition from globalist elites, the Trump administration has made headway in the fight against ballooning federal debt. Since his second inauguration in January, the national debt held by the public — the most meaningful portion of America’s debt, financed by outside creditors — has grown at a dramatically slower rate than during former President Joe Biden’s final stretch in office.
According to an analysis cited by the Washington Examiner, between Jan. 22 and May 6 of this year, the national debt held by the public increased by roughly $37 billion. During the same period in 2024, under Biden, the figure rose by over $478 billion. That amounts to a staggering 92% slowdown in the rate of debt growth — a figure that all but vindicates Trump’s effort to trim federal bloat through the Department of Government Efficiency.
While the overall decline in debt — approximately $5.5 billion — may appear modest in the context of a $26.2 trillion national debt, it’s the direction and speed of the change that matters most…
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