National debt surpasses $31 trillion
The U.S. national debt has passed $31 trillion for the first time in history.
Republican States Sue Biden Admin Over Plan To Cancel Student Debt
Six Republican-led states are suing the Biden administration for allegedly overstepping executive powers related to President Joe Biden’s student loan forgiveness plan.
US national debt climbs to almost $31 trillion
The US record-breaking national debt is now almost $31 trillion, Fox Business reports. The last US national debt milestone was in February 2020, when it exceeded a record $30 trillion for the first time.
Biden’s Student Loan Forgiveness Plan Might Cost Up to $1 Trillion
President Joe Biden’s plan to erase student debt and modify payments for millions of Americans could cost as much as $1 trillion, according to budget analysts.
Federal Debt Has Now Climbed $3 Trillion Under Biden
The federal debt has now increased by more than $3 trillion during President Joe Biden’s time in office, according to the numbers published by the U.S. Treasury on its “Debt to the Penny” webpage.
Biden announces cancellation of student debt
President Biden responded to pressure from progressives on Wednesday by canceling $10,000 in student debt for borrowers who earn less than $125,000 per year and $20,000 in debt for those who received Pell Grants.
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