“We've cut the deficit by a record $1.5 trillion this year.”
What PolitiFact found
Federal deficit projections for 2022 range from $1.5 trillion to $1.7 trillion. But declaring this a record sidesteps the highly unusual circumstances that made it possible: the expiration of pandemic spending measures.
Their words, from the summary they publish with the rating.
In short
Janet Yellen (Treasury Secretary) made this claim around 24 July 2022. PolitiFact (United States) looked into it and published its finding on 28 July 2022, 4 days later. Its rating was “Half True”.
Janet Yellen has 3 checked claims in this archive. Fact-checking organisations rated 0 of them false or fake, 3 misleading or mixed and 0 true.
Where the claim appeared
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.