Feds Borrowing $6 Billion Per Day, Budget Group Says
The U.S. Congressional Budget Office Said Monday The Federal Government Has Accumulated More Than A Trillion Dollars In Debt Only Six Months Into The Fiscal Year.
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Committee for a Responsible Federal Budget
Debt Ceiling Sets Up Major Battle In Congress
U.S. Secretary Of The Treasury Janet L. Yellen Sent A Letter To Congressional Leaders Thursday Notifying Them That The Agency Has Begun Taking “Extraordinary Measures” As The Federal Government Bumps Up Against Its Debt Limit Of Just Over $31 Trillion.
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Biden’s Student Loan Deferment Will Cost Taxpayers $40 Billion, Group Says
The Biden Administration Is Again Deferring Repayment Of Student Loans Until President Joe Biden’s Student Loan Forgiveness Executive Action Makes Its Way Through The Courts, But A New Analysis Found That Decision Will Cost Taxpayers Billions Of Dollars In Unpaid Interest.
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Federal Deficit Hit $1.4 Trillion In Fiscal Year 2022, Nearly 50% Above Pre-Pandemic Level
The Biden Administration On Friday Released Its Budgetary Data For The Last Month Of Fiscal Year 2022 Which Showed The U.S. Government Ran Up A Roughly $1.4 Trillion Deficit. That Is An Average Of Nearly $120 Billion In Added Debt Every Month.
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Student Loan Cancellation Will Cost More Than $400 Billion
The Congressional Budget Office Released An Official Cost Estimate For President Joe Biden’s Student Loan Cancellation, Putting The Cost At More Than $400 Billion.
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Gov. Lee Joins 21 GOP Governors Asking Biden To Withdraw Student Loan Forgiveness Plan
President Joe Biden’s Student Loan Forgiveness Plan Will Be Costly For American Taxpayers, A Coalition Of GOP Governors Said In A Letter Sent Monday To The White House. The Letter, Signed Tennessee Governor Bill Lee And An Additional 21 GOP Governors, Tells Biden To “Withdraw” The Plan, Citing Cost Estimates Of Up To $600 Billion, Or $2,000 Per American Taxpayer.
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Student Debt Will Rise To Pre-Cancellation Levels In Less Than A Decade, Budget Group Says
It Will Take Less Than A Decade For Student Loan Debt To Return To The Level It Was At Before President Joe Biden Canceled Nearly Half A Trillion Dollars Of The Debt At Taxpayer’s Expense, A New Report From A Leading Budget Group Says.
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Biden Plan: Taxpayers To Pay Billions After Administration ‘Forgives’ $10K to $20K In Student Debt Per Borrower
President Joe Biden Announced Wednesday His Administration Would “Forgive” $10,000 In Federal Student Loan Debt For Those Making Less Than $125,000 Per Year. The Committee For A Responsible Federal Budget Said The Plan Could Cost Taxpayers More Than $200 Billion.
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Debt To Surpass GDP At Record Level Over Next Decade
The Congressional Budget Office Released Its Economic Outlook For The Next Decade And Projected Record High Debt Levels Compared To The Nation’s Gross Domestic Product.
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U.S. Senate Considers Suspending Federal Gas Tax, But Critics Are Wary
A New Push To Suspend The Federal Gas Tax Has Gained Momentum Amid Soaring Inflation, But Critics On Both Sides Of The Aisle Call It A Temporary Solution That Will Not Solve The Larger Problem.
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