Statement: “The single biggest driver of our national debt since 2001 has been Republican tax cuts.” During a Senate floor ...

In the past 50 years, the federal government has ended with a fiscal year-end budget surplus four times, most recently in 2001. Congress has run a deficit every year since then.

The federal budget can be ... transformed deficits in the U.S. budget to a surplus by 1998, which was sustained during the rest of his time in office until 2001. This is the last time the budget ...