President Joe Biden’s plan to forgive $10,000 in federal student debt for most borrowers will cost the government about $400 billion. The nonpartisan Congressional Budget Office estimates that $430 billion of that debt will be canceled. The White House responds by saying the agency’s own estimate is “highly uncertain” Democrats say the plan shows middle-class Americans will have “more breathing room” Republicans say it will add to inflationary pressures and will cost taxpayers more than $420 billion in the midterm elections.Read Long Article
