Under Trump, $3 trillion was added to the national debt before the pandemic while tax revenue was slashed by $1.5 trillion, Wallace reminded the Republican.
In a private call with activists, the White House acknowledged the package would disappoint some advocates, but hoped for "hype" anyway.
The U.S. budget deficit will nearly quadruple in 2020, the Committee for a Responsible Federal Budget projected.
There’s one plan the top 2020 Democratic contender doesn’t need.
Fox Business host Lou Dobbs went off after another host on the network slammed Trump over the debt and deficit.
The president frequently conflated the two as he ran for office, but now is presiding over massive increases in both
The nation's total debt has topped $22 trillion for the first time in U.S. history.
It's an unnecessary and misguided impediment to progressive goals.
The federal deficit has soared 17 percent in the president's first fiscal year.
Look who suddenly cares about budget deficits!
But nobody in Washington is really worried about the deficit fairy.
"Everybody stares at the inkblot and sees what they want to see, because we don’t have a bill," one lawmaker said.
The Democrats have responded to Republican criticism that they are burdening future generations with debt by making great effort to reduce deficits; this often entailed capping social expenditures.