The U.S. national deficit grew by 20% ($75 billion) over the past year, according to the latest report by the Congressional Budget Office, partially due to Trump's tax cuts as well as increased national spending.

Between the lines: Axios' Jonathan Swan has reported that there has been an ongoing tussle between debt-loving President Trump and his penny-pinching Budget Director Mick Mulvaney. Mulvaney has been privately pushing Trump to get more aggressive about cutting spending, but debt and deficits have, so far, only ballooned under Trump.

By the numbers: