Key Democrats unhappy with Biden's reluctance to cancel $50,000 in student debt
CNN
President Joe Biden's rejection of calls to eliminate up to $50,000 of student loan debt has prompted sharp responses from his allies on Capitol Hill, with leading liberals vowing to push ahead with the plan and the top Senate Democrat calling for them to "keep fighting."
In a joint statement on Wednesday, Senate Majority Leader Chuck Schumer and Democratic Sen. Elizabeth Warren said, "Cancelling $50,000 in federal student loan debt will help close the racial wealth gap, benefit the 40% of borrowers who do not have a college degree, and help stimulate the economy. It's time to act. We will keep fighting." The comments are a rebuke to Biden and a way to put pressure on the administration after the President made clear during Tuesday night's CNN town hall that he disagrees with other members of his party who want to cancel $50,000 of student debt per borrower.
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