evidence: On Feb. 7, 2023, U.S. President Joe Biden delivered a State of the Union address and claimed, "In the last two years, my administration cut the deficit by more than $1.7 trillion – the largest deficit reduction in American history." [...] Biden's Claim of $1.7 Trillion Decrease [...] Again, Biden claimed his administration "cut the deficit by more than $1.7 trillion." This figure appeared to come from comparing figures for 2020 ($3.13 trillion) and 2022 ($1.38 trillion). The difference between those two numbers is $1.75 trillion.