Biden Administration

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...

Moments ago, the Biden Administration released its Fiscal Year (FY) 2024 budget proposal , outlining some of the President's tax and spending...

The Biden Administration’s new $420 billion student debt cancellation and repayment pause plan will deliver the majority of the benefits to those in...

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...

Prior to the pandemic, the U.S. national debt was on an unsustainable path. In 2020, policymakers appropriately enacted $3.4 trillion of additional...

The student debt cancellation and relief measures recently announced by the Biden Administration will cost roughly $500 billion over ten years under...

The Biden Administration announced another extension of the student loan repayment moratorium through the end of December as part of their larger...

The student debt cancellation and relief measures announced earlier this week by the Biden Administration would cost around $500 billion over a decade...

Note (9/26/2022): The Congressional Budget Office (CBO) has released an estimate that debt cancellation will cost $400 billion . Using new information...

Note: (8/30/2022): Since the publication of this blog the Biden Administration announced another four-month extension to the student loan pause...

Amid criticisms that student debt cancelation would be costly and regressive , the Biden Administration is apparently considering means-testing debt...

Last month, the Biden Administration released its Fiscal Year (FY) 2023 budget proposal that includes many policy changes that would reduce deficits...