Under President Joe Biden, the U.S. stock market has seen notable performance, with the S&P 500 rising by 55%, the NASDAQ increasing by 46%, and the Dow Jones climbing by 39% during his term. The energy sector has outperformed others, with a significant gain of 117%. However, this economic growth has been accompanied by a substantial rise in national debt, which has increased by approximately 30% to reach a record $36.2 trillion, equivalent to about $106,400 per American. Over the past year alone, the national debt grew by 7%, or $2.4 trillion. The U.S. budget deficit has also escalated, reaching $711 billion in the first three months of Fiscal Year 2025, marking a 39% increase year-over-year. Over the last 12 months, the deficit totaled $2 trillion, accounting for 6.9% of GDP. These figures indicate a growing fiscal challenge as the Biden administration concludes its term.