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The Latest Breaking News from Penn Wharton

Scott Bessent Takes Premature Victory Lap on Tariff Revenues

Collections represented a surge in imports trying to beat higher rates—with a slump to follow.

Reason · Jul 18, 2025

Trump's Proposals Would Add $5.8 Trillion to the Deficit

Vice President Kamala Harris would add about $2 trillion to the deficit.

Reason · Aug 28, 2024

How Increasing Immigration Can Reduce the Deficit

And why the Congressional Budget Office does a poor job of making those estimates.

Reason · Feb 2, 2024

From analysis to the latest developments in health,
read the most diverse news in one place.

Biden's Latest Student Loan Scheme Has a Bigger Price Tag Than Originally Projected

The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.

Reason · Jul 19, 2023

Biden's Student Loan Debt Forgiveness Plan Now Estimated To Cost $400 Billion

According to a new report for the Congressional Budget Office, student loan debt forgiveness will likely completely wipe out gains made by the Inflation Reduction Act—and then some.

Reason · Sep 27, 2022

Biden Reportedly Set To Forgive $10K Student Debt for Americans Earning Over Six Figures

Unsurprisingly, wealthier Americans will be the prime beneficiaries of the White House's soon-to-be-announced student loan forgiveness scheme.

Reason · Aug 23, 2022

Manchin pitches Democrats’ tax-climate bill to silent Sinema

Senator Joe Manchin, the architect of the Democrats’ new tax, climate and drugs bill, made a public pitch to his colleague Kyrsten Sinema to get on board with the legislation, arguing that it doesn’t raise taxes.

Tribune News Service · Jul 31, 2022

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