“My Treasury Department is planning to pay down the national debt this quarter, which never happened under my predecessor.”
What FactCheck.org found
He’s right, but the federal debt held by the public is up 10.2% under Biden so far, and Treasury has said it will resume borrowing next quarter.
Their words, from the summary they publish with the rating.
In short
Joe Biden (U.S. President) made this claim around 10 May 2022. FactCheck.org (United States) looked into it and published its finding on 11 May 2022, 1 day later. Its rating was “Spins the Facts”.
Joe Biden has 509 checked claims in this archive. Fact-checking organisations rated 140 of them false or fake, 281 misleading or mixed and 34 true.
Where the claim appeared
Links recorded by FactCheck.org. Some posts may have been deleted since.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.