#shorts On 5/12/2023, a reporter asked Karine Jean-Pierre, “The — the CBO released new projections for the current economy. And this fiscal year, we’re projected a deficit of $1.5 trillion. Last year was $1.4 trillion. The President talks about cutting the deficit. What happened?

KJP: So the President has a track record of historic deficit reduction. We have seen that: $1.7 trillion in the last two years. That is more than any other president has done in their — in their first two years. So that is historic … The Republicans in the House put something very different, the complete opposite, that’s going to hurt American families …

On 5/12/2023, White House press secretary Karine Jean-Pierre told reporters that President Joe Biden and the administration are “hoping” that the ongoing debt ceiling tension and a potential default on U.S. credit do not negatively impact American families. Biden was originally slated to hold a second meeting with House Speaker Kevin McCarthy and the other congressional leaders Friday, but the group postponed until the following week as the country rapidly approaches the “X Date.” Jean-Pierre faced a number of questions on the topic during Friday’s press briefing and reiterated that Biden will not agree to specific spending cuts in exchange for a debt limit hike, as demanded by some Republicans. “There’s no deal to be had on the debt ceiling,” the press secretary told reporters. “This is something Congress needs to do. This is their constitutional duty.”

other clips of this published longer video is here: https://youtu.be/Fy4Zka0RTc8
Q: CBO projected this fiscal year $1.5T & Last year was $1.4T A: Biden historic deficit reduction