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Biden’s Student Debt Cancellation a Main Cause of $400B Increase in ’24 Deficit

President Joe Biden's executive actions taken to cancel student loan debt are a primary cause of a $400 billion increase in the federal government's projected deficit for 2024. On Tuesday, the Congressional Budget Office released a revised estimate up from February, calculating the deficit will total $1.9 trillion. In its report, the...

President Joe Biden’s executive actions taken to cancel student loan debt are a primary cause of a $400 billion increase in the federal government’s projected deficit for 2024. On Tuesday, the Congressional Budget Office released a revised estimate up from February, calculating the deficit will total $1.9 trillion. In its report, the…

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