President Joe Biden’s executive actions taken to cancel student loan debt is a primary cause of a $400 billion increase in the federal government’s projected deficit for 2024. On Tuesday, the Congressional Budget Office released a revised estimate up from February, calculating the deficit will total $1.9 trillion. In its report, the CBO said the cost of Biden’s student loan cancellation is expected to be $145 billion more than the agency estimated in February. But the CBO noted their projection could be $66 billion too low depending on whether a Biden administration rule change on student loan…