evidence: President Joe Biden has often touted that his administration has cut the federal deficit, sometimes communicating that record more accurately than others. [...] The deficit declines were greater during Biden’s second and third years in office, as vaccines and therapies cut the risks associated with COVID-19 and the economy opened. The deficit was about $1.38 trillion in 2022 and $1.7 trillion in 2023. [...] Also, White House officials say that key legislation Biden signed, such as the Inflation Reduction Act, was written in a way to boost federal revenue enough to balance out the spending increases. The Fiscal Responsibility Act, which Biden signed in 2023 as a negotiated way to lift the debt limit, included spending curbs that were designed to reduce deficits from 2024 to 2033 by a collective $1.5 trillion, according to Congressional Budget Office projections.