Misleading (but technically true) statistics in this case. According to the Treasury Department, federal spending has exceeded revenue by about $1.98 trillion since the end of January. Right now we are in the "extraordinary measures" accounting method to avoid exceeding the debt limit - once the limit is raised the recorded debt will likely jump by multiple hundreds of billions of dollars.
The American Rescue Plan Act (March 2021) was a $1.9 trillion dollar spending bill with lots of immediate outlays included. The White House budget estimates the deficit for fiscal year 2021 at $3.67 trillion and for fiscal year 2022 as $1.84 trillion. Actual debt increasing $0.67 trillion since January 20th doesn't really fit with reported government spending and revenue.
Shortly after Trump took office he tweeted:
The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.
Which was nonsense. The federal government sometimes shuffles money around to avoid increasing the amount of recorded debt - that doesn't mean additional debt isn't going to be accounted for when normal accounting procedures are reinstated (or when the debt ceiling is raised).
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