Released: February 18, 2021

Biden, Dems at odds over call to cancel $50,000 in student debt

Source: Danielle Douglas-Gabriel, Washington Post (Paid Registration)

President Biden is butting heads with key Democrats after he rejected Senate Majority Leader Charles E. Schumer’s call to cancel up to $50,000 in debt held by federal student loan borrowers.

“I will not make that happen,” Biden told a borrower inquiring about the proposal at a town hall hosted by CNN in Milwaukee. He later said: “I’m prepared to write off a $10,000 debt, but not 50 because I don’t think I have the authority to do it.”

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