Supreme Court’s student loan decision will lower US deficit according to new White House projection

President Joe Biden speaks at Auburn Manufacturing Inc., in Auburn, Maine, Friday, July 28, 2023, before he signs an executive order to encourage companies to manufacture new inventions in the United States. (AP Photo/Susan Walsh) WASHINGTON (AP) — 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. This contributed to lowering expected red ink this year under […]

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By Donato