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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.

Election 2024: Why The S&P 500 May Vote No On A Trump Or Harris Clean Sweep

Election 2024: Why The S&P 500 May Vote No On A Trump Or Harris Clean Sweep

It's a tight race, but Donald Trump and Kamala Harris both have a chance their party will win both Congress and the White House, helping them carry out their agendas.

Investors Business Daily

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

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

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

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How Increasing Immigration Can Reduce the Deficit

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

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.

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.

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.

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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

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