When President Joe Biden speaks at a community college in New York on Wednesday, he's expected to hit Republicans hard for budget cuts they are demanding as part of their bill to raise the debt ceiling.
According to a new analysis by the Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania’s Wharton School, absorbing student loan debt could cost taxpayers as much as $900 billion.
Republican advocacy groups including the Republican National Committee and GOP lawmakers are suggesting the plan serves the rich at the expense of the working class.