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HomeFinancialBiden says he isn't contemplating $50,000 in pupil mortgage forgiveness

Biden says he isn’t contemplating $50,000 in pupil mortgage forgiveness


U.S. President Joe Biden declares further army and humanitarian support for Ukraine in addition to contemporary sanctions towards Russia, throughout a speech within the Roosevelt Room on the White Home in Washington, April 28, 2022.

Evelyn Hockstein | Reuters

President Joe Biden stated on Thursday that he’ll have his reply on pupil mortgage forgiveness inside a few weeks.

“I am not contemplating $50,000 in debt discount,” Biden stated throughout a speech within the Roosevelt Room on the White Home. “However I’m within the technique of taking a tough take a look at whether or not or not there will likely be further debt forgiveness. I am going to have a solution on that within the subsequent couple of weeks.”

The president’s feedback are more likely to disappoint advocates and Democrats, together with Senate Majority Chief Chuck Schumer, who’ve been pushing him to cancel $50,000 or extra per borrower.

That is breaking information. Please examine again for updates.



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