The idea that student loan relief is a handout to a small minority of affluent college graduates is simply a myth.
Tag: United States Economy
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Biden’s Student Loan Plan Sets Off Fierce Debate Among Economists
Liberals and more moderate Democrats are arguing over the impact on inflation, the federal budget deficit and high earners.
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Biden’s Big Dreams Meet the Limits of ‘Imperfect’ Tools
The student loan plan is the latest example of Democrats practicing the art of the possible on the nation’s most pressing economic challenges and ending up with risky or patchwork solutions.
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Biden Had Doubts on Student Debt Relief. After Months of Pressure, He Gave In.
At the White House and aboard Air Force One, advocates of debt cancellation made a sustained push to win over the president, who feared the plan would be seen as a giveaway to the privileged.
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Stocks Plunge After Fed Chair Warns of ‘Pain’ From Inflation Fight
The S&P 500 fell 3.4 percent, its worst daily showing since mid-June, after the Federal Reserve chair spoke about the path ahead for monetary policy.