State of the Union: Biden vows to cut deficit by $1 trillion by end of the year

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State of the Union: Biden vows to cut deficit by $1 trillion by end of the year
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President Biden pledged in his first State of the Union address to cut $1 trillion from America's deficit by the end of 2022.

Fox News senior political analyst Brit Hume discusses President Biden’s upcoming State of the Union address, the president's sinking approval rating, and who is providing responses to Biden’s speech on ‘Fox Business Tonight.’speech Tuesday night to trim the U.S. deficit by $1 trillion by the end of 2022, but he was light on details as to how that might be achieved given his agenda that includes trillions in new spending.

President Joe Biden delivers his State of the Union address to a joint session of Congress at the Capitol, Tuesday, March 1, 2022, in Washington. "By the end of this year, the deficit will be down to less than half what it was before I took office," Biden said in his address, adding that he would be "the only president ever to cut the deficit by more than one trillion dollars in a single year."

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