Biden Administration
Latest
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Extensions Would Wipe Away President's Deficit Reduction
We were very encouraged by the President’s call for $3 trillion of ten-year deficit reduction in his Fiscal Year (FY) 2024 budget proposal. However...
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An Overview of the President's FY 2024 Budget
Moments ago, the Biden Administration released its Fiscal Year (FY) 2024 budget proposal , outlining some of the President's tax and spending...
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Is Biden's Student Debt Cancellation Plan Still Regressive?
The Biden Administration’s new $420 billion student debt cancellation and repayment pause plan will deliver the majority of the benefits to those in...
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Maya MacGuineas: The White House is wrong, Biden is no steward of fiscal responsibility
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion...
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The Biden Administration Has Approved $4.8 Trillion of New Borrowing
Prior to the pandemic, the U.S. national debt was on an unsustainable path. In 2020, policymakers appropriately enacted $3.4 trillion of additional...
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Student Debt Changes Wipe Out IRA Savings
The student debt cancellation and relief measures recently announced by the Biden Administration will cost roughly $500 billion over ten years under...
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Latest Student Loan Payment Pause Brings Total Cost to $155 Billion
The Biden Administration announced another extension of the student loan repayment moratorium through the end of December as part of their larger...
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Student Debt Changes Would Boost Inflation
The student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...
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New Student Debt Changes Will Cost Half a Trillion Dollars
Note (9/26/2022): The Congressional Budget Office (CBO) has released an estimate that debt cancellation will cost $400 billion . Using new information...
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Extending the Student Loan Payment Pause is Bad Policy
Note: (8/30/2022): Since the publication of this blog the Biden Administration announced another four-month extension to the student loan pause...
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Means-Testing Student Debt Cancellation is Still Costly and Regressive
Amid criticisms that student debt cancelation would be costly and regressive , the Biden Administration is apparently considering means-testing debt...
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President's Budget Would Add More to Debt With Policy Extensions
Last month, the Biden Administration released its Fiscal Year (FY) 2023 budget proposal that includes many policy changes that would reduce deficits...