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US Debt Will Be Unsustainable and Trigger Default in 20 Years on Current Path

After 20 years, no amount of tax hikes or spending cuts could prevent default "whether explicitly or implicitly," according to Penn Wharton.

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Biden to hammer Republican budget cuts which target his student loan forgiveness plans

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.

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Commentary: Michael Graham — What to know about $300 billion college debt bailout

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.

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Student Debt Forgiveness Could Cost up to $1 Trillion: Penn Wharton

The new income-driven student loan repayment plan could lead to a sharp increase in take-up rates, according to the Penn Wharton Budget Model.

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Fact check: Is Biden student debt relief a bailout for the rich?

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.

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Who gets student loan forgiveness? Relief prompts joy, angst

For Nick Marcil, the cancellation of $10,000 of his student loans could mean at last...

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Who gets student loan relief? Borrowers' joy, and bitterness

For Nick Marcil, the cancellation of $10,000 of his student loans could mean at last...

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