Today news
About the same in other media
White House cuts 2023 US deficit forecast after student loan forgiveness struck down
Reading now: 220
WASHINGTON (Reuters) — The White House on Friday revised its fiscal 2023 U.S. budget deficit forecast to $1.543 trillion, a decrease of $26 billion from its March budget forecast, due largely to a major reduction in outlays after the U.S. Supreme Court struck down President Joe Biden's student loan forgiveness program.
The Office of Management and Budget said in its Mid-Session Review update that the student loan decision would reduce outlays by $259 billion, offset slightly by an increase in spending due to rule changes for income-driven repayments.
Read more on investing.comAbout this in other media
CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale cointelegraph.com /1 year ago
6 months after the East Palestine train derailment, Congress is deadlocked on new rules for safety abcnews.go.com /1 year ago
Fitch’s US downgrade is stoking the very fight it warned against economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
