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Supreme Court's student loan decision will lower U.S. deficit according to new White House projection

WASHINGTON — The Supreme Court ruling that upended President Joe Biden’s plan to forgive student loan debt changed his budget math, modestly lowering the projected deficit for this year, his budget office reported Friday. The White House expects to pare back $259 billion in spending that otherwise would have gone
United States White House District Of Columbia Shalanda Young Joe Biden Jerome Powell

Supreme Court's student loan decision will lower US deficit according to new White House projection – Metro US

WASHINGTON (AP) — The Supreme Court ruling that upended President Joe Biden’s plan to forgive student loan debt changed his budget math, modestly lowering the projected deficit for this year, his budget office reported Friday. The White House expects to pare back $259 billion in spending that otherwise would have gone to erasing student loans. […]
United States White House District Of Columbia Jerome Powell Shalanda Young Joe Biden
Source: metro.us

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White House cuts 2023 US deficit forecast after student loan forgiveness struck down

WASHINGTON (Reuters) -The White House on Friday revised its fiscal 2023 U.S. budget deficit forecast to $1.543 trillion, a decrease of $26 billion from its March budget forecast, due largely to a major reduction in outlays after the Supreme Court struck down President Joe Biden's student loan forgiveness program in June. The Office of Management and Budget said that the student loan decision would reduce fiscal 2023 outlays by $259 billion, partly reversing an up-front charge of $430 billi...
United States Joe Biden David Lawder Jonathan Oatis Office Of Management Us Supreme Court
Source: yahoo.com

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