Trump faces a $1.6T hurdle to dismantle ED

Presented by HESITATION ABOUT SBA: Earlier this month, President Donald Trump said the Education Department’s $1.6 trillion student loan portfolio would “immediately” move to the Small Business Administration.— But some Republican lawmakers and conservatives who track the issue are hesitant to say the move is official, especially as SBA is slated to lose 43 percent of its staff.— “A lot of us were thinking it would go to the Treasury. We’re talking about the huge nature of student loans,” House Education and Workforce Chair Tim Walberg told POLITICO. “They have much larger staffing capabilities right now than SBA, but the president may have something specific in mind that I’m not aware of.”— Trump was expected to propose moving the agency’s portfolio to the Treasury Department — a concept long-discussed on Capitol Hill and suggested in Project 2025, The Heritage Foundation’s conservative policy blueprint.— And at a recent House Rules Committee meeting, Walberg suggested that moving the...