on its estimated cost, some Democratic lawmakers on Monday pointed to the report as further evidence that the administration is on the right track.
In response to a request by a pair of Republicans, the nonpartisan Congressional Budget Office said that Biden's plan—which will cancel up to $20,000 in debt for federal borrowers with certain incomes—will cost about $400 billion"Today's CBO estimate makes clear that millions of middle-class Americans have more breathing room thanks to President Biden's historic decision to cancel student debt," declared Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren .
Source: Education Headlines (educationheadlines.net)
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