“I’m going to get in trouble for saying this, [but] it’s arguable that the president may have the executive power to forgive up to $50,000 in student debt,” Biden told the Washington Post’s Karen Tumulty. “Well, I think that’s pretty questionable. I’m unsure of that. I’d be unlikely to do that.” … With the status of Congress uncertain and the possibility that it will remain divided if Democrats fall short in the runoffs for Georgia’s two U.S. Senate seats next month, student-debt cancellation has emerged as a policy approach that the incoming administration could use to provide some relief to borrowers without Congress.

Read full article [here].
by Jillian Berman, Market Watch.

Posted: December 24th, 2020, by: admin. Categories: . Awaiting Comments.