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Latest Fact-Checks In Economy

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Eric Hovde
Eric Hovde
stated on March 4, 2024 Campaign video:
“Since the end of the 2020 fiscal year, President Biden and Senator Baldwin have added over $7.3 trillion of debt, more than the first 228 years of our nation’s history combined.”
Half-True
By Hope Karnopp • March 14, 2024
Joe Biden
Joe Biden
stated on March 7, 2024 his State of the Union address:
“We cut the federal deficit by $160 billion because Medicare will no longer have to pay those exorbitant prices to Big Pharma.”
Half-True
By Amy Sherman • March 11, 2024
Bryan Steil
Bryan Steil
stated on February 1, 2024 X, formerly Twitter:
“Bidenomics is costing the typical American household over $11,400 more a year to buy the basics.”
Half-True
By Hope Karnopp • February 21, 2024
Joe Biden
Joe Biden
stated on February 4, 2024 a post on X:
“Inflation has been at the pre-pandemic level of 2% over the last half year.”
Half-True
By Louis Jacobson • February 7, 2024
Joe Biden
Joe Biden
stated on January 24, 2024 a speech to the United Auto Workers:
“Tens of thousands of auto jobs were lost nationwide during Trump's presidency,” but during Biden’s presidency, “we've created more than 250,000 auto jobs.”
Half-True
By Louis Jacobson • January 29, 2024
Joe Biden
Joe Biden
stated on January 8, 2024 a speech:
“The racial wealth gap is the smallest it’s been in 20 years.”
Half-True
By Sara Swann • January 12, 2024
Ron DeSantis
Ron DeSantis
stated on January 4, 2024 a CNN town hall:
In Florida, “income growth is top of the chart.”
Half-True
By Louis Jacobson • January 8, 2024
Mike Johnson
Mike Johnson
stated on October 25, 2023 his acceptance speech as speaker:
“Prices have increased over 17% in the last two years.”
Half-True
By Louis Jacobson • October 26, 2023
Donald Trump
Donald Trump
stated on October 23, 2023 remarks at a rally in Derry, N.H.:
“When I came into office, Iran had $70 billion in foreign exchange reserves. … By the time I left, they had nothing. They were broke.”
Half-True
By Louis Jacobson • October 26, 2023
Chris Christie
Chris Christie
stated on September 5, 2023 a interview:
Under Gov. Ron DeSantis, “in the last five years, spending has gone up 30%" in Florida.
Half-True
By Amy Sherman, Samantha Putterman • September 8, 2023
Joe Biden
Joe Biden
stated on July 28, 2023 a speech in Maine:
"Wages are up after being adjusted for inflation."
Half-True
By Louis Jacobson • August 3, 2023
Tim Scott
Tim Scott
stated on June 21, 2023 a Fox News town hall:
“Median income in this country is … $35,000 a year. Because of Joe Biden's inflation, the average monthly expenses have increased by $500, almost.”
Half-True
By Louis Jacobson • June 26, 2023
Tim Scott
Tim Scott
stated on May 22, 2023 his presidential announcement speech:
“The share of working-age men choosing to work is the lowest it has ever been.”
Half-True
By Louis Jacobson • May 24, 2023
Mike Pence
Mike Pence
stated on March 24, 2023 an interview with Fox Business' Maria Bartiromo:
“We have a national debt the size of our nation’s economy for the first time since World War II.”
Half-True
By Louis Jacobson • March 30, 2023
Joe Biden
Joe Biden
stated on February 3, 2023 a speech in Philadelphia:
“We created more new jobs in two years than any president did in their entire term.”
Half-True
By Louis Jacobson • February 7, 2023
Joe Biden
Joe Biden
stated on January 25, 2023 a tweet:
“Two years ago this week, 18 million people were out of work needing unemployment benefits. Today, that number is under 1.6 million, the lowest in decades.”
Half-True
By Louis Jacobson • January 27, 2023
Joe Biden
Joe Biden
stated on January 12, 2023 remarks at the White House:
“Take-home pay for workers is going up.”
Half-True
By Louis Jacobson • January 13, 2023
Joe Biden
Joe Biden
stated on October 8, 2022 an Instagram post:
The Biden administration has “created” more than double the number of jobs per month, on average, than any other administration going back to George H.W. Bush.
Half-True
By Louis Jacobson • October 13, 2022
Zach Nunn
Zach Nunn
stated on September 14, 2022 a tweet:
“Iowans are paying $5,000 extra for everyday goods under Biden and Axne’s inflation.”
Half-True
By Liam Halawith • October 5, 2022
Janet Yellen
Janet Yellen
stated on July 24, 2022 an interview on NBC's "Meet the Press":
"We've cut the deficit by a record $1.5 trillion this year."
Half-True
By Louis Jacobson • July 28, 2022
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