Finance

Covid relief bill may trigger cuts to Medicare, student loan programs

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Bill Clark | CQ-Roll Call, Inc. | Getty Images

A Covid relief bill backed by Democrats could trigger billions of dollars in cuts to Medicare and other federal programs, like ones that support unemployed workers and student-loan borrowers, if it’s ultimately passed.

The funding cuts would take effect in 2022 and last for several years.

Republicans are using the specter of pullbacks to argue against issuing more pandemic aid, which includes $1,400 stimulus checks and more jobless benefits.

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Source cnbc.com

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