Schumer steps up efforts with Squad, pushes Biden to extend student debt forgiveness

Senate Majority Leader Chuck Schumer (D-NY) stood alongside leading progressives in Congress at a podium that read “#CANCEL STUDENT DEBT”, a militant class favorite, to push the Biden administration on a key economic issue.

The resolution, which Schumer first presented last fall with Senator Elizabeth Warren (D-MA), “would write off” $ 50,000 in student loan debt for each borrower through executive action, an amount that goes way beyond what Biden s ‘is already committed to refuse during his mandate.

During an outdoor briefing Thursday, the Democratic leader said he had already received a responsive response from the White House.

“We have met the President, we are pushing the President and his people, and we have a lot of hope,” Schumer said, sharing that he and Warren met with Biden and administration officials privately for 45 minutes to present a proposal for executive action.

Biden promised to eliminate $ 10,000 in federal student debt for each student.

Asked about the new push later that afternoon, White House press secretary Jen Psaki reiterated Biden’s support for his initial proposal, suggesting that anything more was unlikely. be made by decree.

“On the first day, the first day of his administration, he asked the Department of Education to extend the existing pause on student loan payments and interest for millions of Americans with federal student loans,” said Psaki. “It was a step he took through executive action, but he certainly supports the efforts of members of Congress to take further action, and he would be eager to sign it.”

Schumer was joined by Warren and “Squad” representatives Ayanna Pressley (D-MA) and Ilhan Omar (D-MN) —the original co-sponsors of the resolution of the accompanying chamber last December — as well as other MPs who have been pushing the issue.

“America is not suffering from scarcity, we are suffering from greed,” said Omar, tying heavy debt to the different chances of students from wealthy families versus those from middle-class and working-class households.

Schumer’s desire to publicly present a loan forgiveness alternative to what Biden proposed has been perceived by some on the left as a way to avoid a possible main challenge in his native New York. The Senior Democrat is eligible for re-election in 2022, and Rep. Alexandria Ocasio-Cortez (D-NY) is thought to contemplate a major challenge for this seat in the Senate.

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