The Biden administration is cancelling student loan debt for public service workers.

I'm Novisafa with a marketplace minute.

These are teachers, social workers, firefighters and others under a pre-existing loan forgiveness

program the administration make

changes and 80,000 more borrowers qualify.

That brings the total to nearly 900,000 who have had their debt cancelled.

Prior to a series of changes, only about 7,000 had benefited.

The Congressional Budget Office reduced its forecast for how much the federal debt will grow

over the next 30 years, not as much as previously expected.

The CBO is crediting less government spending and more immigration which should strengthen the labor force.

Initial claims for unemployment benefits again hovered around 210,000 last week, that's the fourth week in a row.

The rate of existing home sales spiked 9.5% last month to a one year high, according

to the National Association of Realtors, the number of homes available for sale also increased by 6% and the Trade Group expects continued improvement.

I'm Novasafo with a marketplace minute.