Senate Majority Leader, Chuck Schumer, Elizabeth Warren, and other Democratic progressives are putting the pressure on President Joe Biden to cancel at least $50,000 in student loan debt for all Americans. They believe this would give an instant boost to the economy and help to close the racial wealth gap. Check out the clip below where Schumer is telling Biden to make it happen.
President Biden has the power to cancel student loan debt, help close the racial wealth gap, and give a big boost to families and our economy— Chuck Schumer (@SenSchumer) February 5, 2021
That's why @SenWarren, our partners in the House, & I are reintroducing our resolution calling for executive action to #CancelStudentDebt pic.twitter.com/Y98eMs9AaO