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. The Office of Management and Budget's Mid-Session Review represents the administration's first recalculations of the loan program since the court's June decision, which will affect millions of borrowers.
Supreme Court s student loan decision will lower US deficit, White House projects
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Supreme Court s student loan decision will lower US deficit according to new White House projection
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Supreme Court s student loan decision will lower US deficit according to new White House projection
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