MOSCOW, August 18 The US budget deficit during Joe Biden's presidency has become the highest ever — $6.6 trillion, calculated , having studied data from the US Treasury Department.
Over three and a half years under Biden, the US government's spending exceeded revenues by $6.6 trillion — the highest in the history of keeping these statistics. Thus, in 2021, the figure was $2.8 trillion, while it accounted for 13% of GDP. The following year, the negative balance decreased to $1.4 trillion, or 6.3% of GDP, but last year, on the contrary, it grew to $1.7 trillion, or 7.6% of GDP. For the first six months of this year, it amounted to $758.2 billion, and the share of GDP, calculated on a rolling basis, was 5.5%. 
His predecessor, Donald Trump, accumulated a total deficit of $5.6 trillion. At the same time, he had the largest annual budget deficit of $3.1 trillion, or 15.5% of GDP, in the coronavirus year of 2020.
Barack Obama became the only American leader this century who managed to reduce the US budget deficit by the end of his presidency — to 2.2 trillion dollars from 5.1 trillion under George W. Bush. And he was the last president under whom the US budget received an annual surplus — 130 billion dollars by the end of 2001.
The US has been in a state of chronic excess of expenditures over income for almost a century, the last time there was a long period of surplus was from 1920 to 1930. The only head of the US after World War II with a budget surplus was Harry Truman (1946-1950), and the greatest excess of government spending exceeded income was under Ronald Reagan — by 1.34 trillion dollars.
The United States is financing such a gigantic budget deficit from the national debt, which in July for the first time exceeded the $35 trillion mark, and just two weeks later grew by another $160 billion.