Schumer, Warren Challenge Biden on Student Debt Cancellation
- Psaki says Biden will have Justice review executive authority
- Democrats’ $50,000 per student plan seen costing $1 trillion
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Two top Senate Democrats said Wednesday they will keep pressuring President Joe Biden to wipe out up to $50,000 per borrower in student loan debt after he shot down the idea of doing so by executive action or without restrictions.
Senate Majority Leader Chuck Schumer and Senator Elizabeth Warren for months have been pushing Biden to be more ambitious with executive action to cancel about $1 trillion in student loans, and they said they aren’t giving up.