President Joe Biden speaks about student loan debt at Madison College, April 8, 2024, in Madison, Wis. Relatively few Americans say they’re fans of Biden’s work on the issue of student loans, according to a new poll from the University …The federal budget deficit will reach $2 trillion this year, the Congressional Budget Office said Tuesday, laying at least part of the blame on President
Republicans said the report is a rebuke to Democrats’ spending plans. Democrats saw the report as ammunition to use against the GOP’s hopes of extending the tax cuts. Inflation-adjusted gross domestic product will grow 2% this year, down from 3.1% in 2023 but still impressive for an economy that was given a 100% chance of going into recession last year.
Most of those are what CBO terms “other foreign nationals” — people who aren’t here as guest workers or permanent immigrants. They are largely made up of parolees and immigrants who lack a legal visa. “Increases in the supply of workers put downward pressure on wages, particularly for people with 12 or fewer years of education,” CBO concluded.