WATCH: Biden admin shifts blame as national debt reaches historic high of $34 trillion

White House press secretary Karine Jean-Pierre attempted to blame Republicans for the record high national debt despite President Biden having been in office for nearly three years.

Despite the new record high, Jean-Pierre argued Biden had taken action to lower the debt, including signing the Inflation Reduction Act, which some experts predicted would actually cost the U.S. more than originally projected, and "cracking down on wealthy tax cheats" through actions like growing the IRS. Brandon Gillespie is an associate editor at Fox News. Follow him on X at @BGillespieAL.

"His agenda would cut the deficit another $2.5 trillion by making the wealthy pay their fair share. So that is what the president has done. What we've seen on the other side is the complete opposite. What they've tried to do is continue to give a tax break to the millionaires and billionaires, and what they have actually put forward would add more than $3 trillion to the debt," she added.