Joe Biden’s budget deficit projection up 27%, since just February!

Topline: The Congressional Budget Office projects that the federal government will have a budget deficit of $1.9 trillion this year, $400 billion more than was projected in February.

Key facts: The CBO named four factors that contributed to the $400 billion increase.

Since February, President Biden’s administration has made or proposed changes to its student loan forgiveness policy that the CBO estimates will cost the federal government an extra $145 billion. If Biden’s plan from April to expand loan forgiveness is enacted...